Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Malaysia - 2024

Contents:

1. Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Malaysia (CIF) - 2022
2. Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Malaysia (FOB) - 2022
3. Imports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Malaysia
4. Exports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Malaysia

Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Malaysia (CIF) - 2022

The average import price for electrical circuit prefabricated elements, connectors, contact elements and other equipment stood at $13 per thousand units in 2022, with an increase of 59% against the previous year. In general, the import price recorded a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Germany ($23 per thousand units), while the price for Hong Kong SAR ($6.2 per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+13.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Malaysia (FOB) - 2022

The average export price for electrical circuit prefabricated elements, connectors, contact elements and other equipment stood at $3.3 per thousand units in 2022, growing by 8.2% against the previous year. Overall, the export price, however, saw a significant curtailment. Over the period under review, the average export prices hit record highs at $94 per thousand units in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($7.8 per thousand units), while the average price for exports to Hong Kong SAR ($1.5 per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-22.1%), while the prices for the other major destinations experienced a decline.

Imports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Malaysia

In 2022, the amount of electrical circuit prefabricated elements, connectors, contact elements and other equipment imported into Malaysia reduced modestly to 115B units, shrinking by -4.8% compared with 2021. Over the period under review, imports recorded a deep setback. The smallest decline of -1.9% was in 2021. Over the period under review, imports of hit record highs at 158B units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of electrical circuit prefabricated elements, connectors, contact elements and other equipment surged to $1.5B in 2022. Overall, imports, however, saw a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment to Malaysia in 2022:

1. Singapore (48.4B units)
2. China (28.5B units)
3. Japan (13.6B units)
4. Hong Kong SAR (5.6B units)
5. United States (4.2B units)
6. Taiwan (Chinese) (4.0B units)
7. Thailand (3.2B units)
8. Germany (2.1B units)

Exports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Malaysia

For the fourth year in a row, Malaysia recorded growth in shipments abroad of electrical circuit prefabricated elements, connectors, contact elements and other equipment, which increased by 4.2% to 273B units in 2022. Overall, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +23.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +87.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 38%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of electrical circuit prefabricated elements, connectors, contact elements and other equipment expanded rapidly to $907M in 2022. The total export value increased at an average annual rate of +2.3% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment from Malaysia in 2022:

1. Hong Kong SAR (73.5B units)
2. United States (58.2B units)
3. Japan (40.9B units)
4. China (35.3B units)
5. Singapore (26.5B units)
6. Germany (13.0B units)
7. Thailand (5.6B units)

Source: IndexBox Market Intelligence Platform