Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Malaysia - 2024
Contents:
- Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Malaysia (FOB) - 2024
- Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Malaysia (CIF) - 2022
- Exports of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Malaysia
- Imports of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Malaysia
Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Malaysia (FOB) - 2024
In January 2024, the average export price for cycles; parts, pedals and crank-gear, and parts thereoves amounted to $22,791 per ton, which is down by -9.9% against the previous month. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 when the average export price increased by 12% month-to-month. Over the period under review, the average export prices reached the peak figure at $25,303 per ton in December 2023, and then declined in the following month.
There were significant differences in the average prices for the major external markets. In January 2024, the country with the highest price was Singapore ($25,781 per ton), while the average price for exports to Australia amounted to $3,419 per ton.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (-0.3%).
Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Malaysia (CIF) - 2022
In 2022, the average import price for cycles; parts, pedals and crank-gear, and parts thereoves amounted to $7,957 per ton, growing by 14% against the previous year. In general, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for cycles; parts, pedals and crank-gear, and parts thereoves decreased by -18.2% against 2020 indices. The growth pace was the most rapid in 2020 an increase of 87% against the previous year. As a result, import price reached the peak level of $9,723 per ton. From 2021 to 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Singapore ($17,439 per ton), while the price for Thailand ($2,661 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+1.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Malaysia
In 2022, exports of cycles; parts, pedals and crank-gear, and parts thereoves from Malaysia rose notably to 6.5K tons, growing by 7.4% against 2021 figures. The total export volume increased at an average annual rate of +9.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 12% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of cycles; parts, pedals and crank-gear, and parts thereoves expanded significantly to $144M in 2022. The total export value increased at an average annual rate of +13.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 19% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 1.3 | 5.9 | 111 | 141 | 376.9% |
| Australia | 1.8 | 2.5 | 0.9 | 1.2 | -12.6% |
| Taiwan (Chinese) | 6.4 | 8.7 | 2.1 | 0.2 | -68.5% |
| China | 9.1 | 9.1 | 1.1 | 0.1 | -77.8% |
| Germany | 21.6 | 22.5 | 3.9 | N/A | -57.5% |
| United States | 6.6 | 8.7 | 2.7 | N/A | -36.0% |
| France | 5.5 | 5.3 | 0.7 | N/A | -64.3% |
| Cambodia | 4.9 | 6.7 | 1.4 | N/A | -46.5% |
| Netherlands | 7.5 | 8.3 | 2.5 | N/A | -42.3% |
| Others | 33.6 | 34.7 | 8.1 | 1.2 | -67.1% |
| Total | 98.5 | 112 | 134 | 144 | 13.5% |
Top Export Markets for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof from Malaysia in 2022:
- Singapore (6015.0 tons)
- Australia (345.8 tons)
- China (7.7 tons)
- Taiwan (Chinese) (7.1 tons)
- United States (0.7 tons)
- Netherlands (0.7 tons)
- France (0.2 tons)
- Germany (0.1 tons)
Imports of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Malaysia
Imports of cycles; parts, pedals and crank-gear, and parts thereoves into Malaysia reduced to 521 tons in 2022, dropping by -8.6% against 2021 figures. In general, imports saw a pronounced setback. The most prominent rate of growth was recorded in 2021 when imports increased by 170% against the previous year. As a result, imports attained the peak of 570 tons, and then declined in the following year.
In value terms, imports of cycles; parts, pedals and crank-gear, and parts thereoves expanded modestly to $4.1M in 2022. Over the period under review, imports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2021 when imports increased by 94% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.
| Import of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 664 | 456 | 996 | 1,753 | 38.2% |
| China | 1,122 | 721 | 1,824 | 1,084 | -1.1% |
| Singapore | 840 | 428 | 380 | 441 | -19.3% |
| Taiwan (Chinese) | 147 | 63.0 | 144 | 91.3 | -14.7% |
| Portugal | N/A | N/A | N/A | 69.0 | 0% |
| Philippines | N/A | 6.1 | 37.8 | 65.3 | 227.2% |
| Thailand | N/A | N/A | N/A | 35.7 | 0% |
| Others | 134 | 382 | 612 | 608 | 65.6% |
| Total | 2,908 | 2,056 | 3,993 | 4,147 | 12.6% |
Top Suppliers of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof to Malaysia in 2022:
- China (315.0 tons)
- Japan (100.9 tons)
- Singapore (25.3 tons)
- Taiwan (Chinese) (24.4 tons)
- Thailand (13.4 tons)
- Philippines (10.2 tons)
- Portugal (9.5 tons)
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