Price for Electrical Push-Button and Rotary Switch in Malaysia - 2024
Contents:
- Price for Electrical Push-Button and Rotary Switch in Malaysia (CIF) - 2022
- Price for Electrical Push-Button and Rotary Switch in Malaysia (FOB) - 2022
- Imports of Electrical Push-Button and Rotary Switch in Malaysia
- Exports of Electrical Push-Button and Rotary Switch in Malaysia
Price for Electrical Push-Button and Rotary Switch in Malaysia (CIF) - 2022
The average import price for electrical push-button and rotary switches for under 1000 v stood at $0.2 per unit in 2022, waning by -23.5% against the previous year. In general, the import price saw a abrupt slump. The growth pace was the most rapid in 2021 an increase of 20%. The import price peaked at $0.4 per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
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 Thailand ($1.2 per unit), while the price for Germany ($0.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electrical Push-Button and Rotary Switch in Malaysia (FOB) - 2022
In 2022, the average export price for electrical push-button and rotary switches for under 1000 v amounted to $0.2 per unit, with an increase of 25% against the previous year. In general, the export price, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2020 an increase of 59%. Over the period under review, the average export prices reached the maximum at $0.7 per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($0.7 per unit), while the average price for exports to Germany (less than $0.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (-8.6%), while the prices for the other major destinations experienced a decline.
Imports of Electrical Push-Button and Rotary Switch in Malaysia
In 2022, approx. 1.2B units of electrical push-button and rotary switches for under 1000 v were imported into Malaysia; picking up by 40% against the year before. In general, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +9.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.8% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, electrical push-button and rotary switch imports rose remarkably to $285M in 2022. The total import value increased at an average annual rate of +3.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 35% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.
| Import of Electrical Push-Button and Rotary Switch in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 68.3 | 62.4 | 85.8 | 83.9 | 7.1% |
| Japan | 20.9 | 23.0 | 28.4 | 28.3 | 10.6% |
| Thailand | 13.1 | 14.1 | 22.3 | 24.4 | 23.0% |
| Taiwan (Chinese) | 11.8 | 8.8 | 18.1 | 19.9 | 19.0% |
| Singapore | 18.3 | 13.2 | 14.5 | 19.8 | 2.7% |
| Germany | 35.0 | 18.0 | 19.2 | 19.8 | -17.3% |
| United States | 25.0 | 13.9 | 18.1 | 18.7 | -9.2% |
| Indonesia | 9.9 | 10.2 | 10.3 | 13.7 | 11.4% |
| Vietnam | 5.3 | 5.2 | 12.5 | 11.6 | 29.8% |
| South Korea | 8.8 | 6.4 | 6.6 | 7.6 | -4.8% |
| Hong Kong SAR | 8.5 | 5.4 | 9.7 | 7.0 | -6.3% |
| United Kingdom | 5.3 | 1.1 | 1.8 | 4.1 | -8.2% |
| Others | 28.0 | 15.8 | 18.8 | 25.8 | -2.7% |
| Total | 258 | 197 | 266 | 285 | 3.4% |
Top Suppliers of Electrical Push-Button and Rotary Switch to Malaysia in 2022:
- China (237.8M units)
- Germany (222.6M units)
- Taiwan (Chinese) (217.7M units)
- Japan (190.9M units)
- Hong Kong SAR (50.3M units)
- Vietnam (42.4M units)
- Singapore (42.3M units)
- Indonesia (33.9M units)
- United States (26.1M units)
- Thailand (19.6M units)
- United Kingdom (19.1M units)
- South Korea (17.3M units)
Exports of Electrical Push-Button and Rotary Switch in Malaysia
Electrical push-button and rotary switch exports from Malaysia reduced to 1.3B units in 2022, waning by -10.5% on the year before. Overall, exports showed a deep contraction. The exports peaked at 2.3B units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, electrical push-button and rotary switch exports rose markedly to $202M in 2022. The total export value increased at an average annual rate of +11.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 14% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Electrical Push-Button and Rotary Switch in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 37.4 | 48.3 | 58.3 | 79.9 | 28.8% |
| United States | 20.8 | 18.7 | 31.7 | 28.5 | 11.1% |
| Germany | 10.7 | 10.4 | 10.8 | 17.8 | 18.5% |
| China | 19.9 | 16.9 | 12.7 | 13.3 | -12.6% |
| Hong Kong SAR | 6.4 | 11.0 | 11.4 | 10.5 | 17.9% |
| Thailand | 15.1 | 7.9 | 9.2 | 9.7 | -13.7% |
| Japan | 12.0 | 8.7 | 9.3 | 9.4 | -7.8% |
| Others | 25.0 | 37.9 | 38.0 | 33.4 | 10.1% |
| Total | 147 | 160 | 181 | 202 | 11.2% |
Top Export Markets for Electrical Push-Button and Rotary Switch from Malaysia in 2022:
- Germany (614.9M units)
- Singapore (115.1M units)
- Hong Kong SAR (113.8M units)
- China (107.2M units)
- United States (97.5M units)
- Japan (40.7M units)
- Thailand (35.0M units)
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