Price for Floating Structures; Tanks, Coffer-Dams, Landing Stages, Buoys and Beacons in Malaysia - 2024

Contents:

1. Price for Floating Structures; Tanks, Coffer-Dams, Landing Stages, Buoys and Beacons in Malaysia (CIF) - 2024
2. Price for Floating Structures; Tanks, Coffer-Dams, Landing Stages, Buoys and Beacons in Malaysia (FOB) - 2022
3. Imports of Floating Structures; Tanks, Coffer-Dams, Landing Stages, Buoys and Beacons in Malaysia
4. Exports of Floating Structures; Tanks, Coffer-Dams, Landing Stages, Buoys and Beacons in Malaysia

Price for Floating Structures; Tanks, Coffer-Dams, Landing Stages, Buoys and Beacons in Malaysia (CIF) - 2024

In January 2024, the average import price for floating structures; tanks, coffer-dams, landing stages, buoys and beaconses amounted to $29.1 per unit, rising by 17% against the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 an increase of 2,721% m-o-m. As a result, import price attained the peak level of $921 per unit. From March 2023 to January 2024, the average import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for China.

From January 2023 to January 2024, the rate of growth in terms of prices for China amounted to +2.5% per month.

Price for Floating Structures; Tanks, Coffer-Dams, Landing Stages, Buoys and Beacons in Malaysia (FOB) - 2022

The average export price for floating structures; tanks, coffer-dams, landing stages, buoys and beaconses stood at $122 per unit in 2022, which is down by -73.2% against the previous year. In general, the export price faced a deep downturn. The most prominent rate of growth was recorded in 2018 when the average export price increased by 443%. As a result, the export price reached the peak level of $3,751 per unit. From 2019 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Brunei Darussalam ($1,136 per unit), while the average price for exports to Switzerland ($25 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 Singapore (+7.2%), while the prices for the other major destinations experienced a decline.

Imports of Floating Structures; Tanks, Coffer-Dams, Landing Stages, Buoys and Beacons in Malaysia

In 2022, approx. 34K units of floating structures; tanks, coffer-dams, landing stages, buoys and beaconses were imported into Malaysia; shrinking by -87.6% on the previous year's figure. Overall, imports recorded a precipitous decrease. The most prominent rate of growth was recorded in 2021 with an increase of 51% against the previous year. Imports peaked at 339K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of floating structures; tanks, coffer-dams, landing stages, buoys and beaconses reduced sharply to $4.4M in 2022. Over the period under review, imports saw a precipitous shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 99%. As a result, imports reached the peak of $15M, and then fell rapidly in the following year.

Top Suppliers of Floating Structures; Tanks, Coffer-Dams, Landing Stages, Buoys and Beacons to Malaysia in 2022:

1. China (23.6K units)
2. Denmark (3.1K units)
3. South Korea (1.8K units)
4. United States (1.6K units)
5. Singapore (1.0K units)
6. Germany (0.7K units)
7. Indonesia (0.5K units)

Exports of Floating Structures; Tanks, Coffer-Dams, Landing Stages, Buoys and Beacons in Malaysia

For the fourth consecutive year, Malaysia recorded growth in overseas shipments of floating structures; tanks, coffer-dams, landing stages, buoys and beaconses, which increased by 131% to 10K units in 2022. Over the period under review, exports posted a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 275% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of floating structures; tanks, coffer-dams, landing stages, buoys and beaconses declined dramatically to $1.3M in 2022. Overall, exports, however, continue to indicate a deep slump. The growth pace was the most rapid in 2020 with an increase of 72% against the previous year. As a result, the exports reached the peak of $2.7M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Top Export Markets for Floating Structures; Tanks, Coffer-Dams, Landing Stages, Buoys and Beacons from Malaysia in 2022:

1. Japan (9.2K units)
2. Switzerland (0.8K units)
3. Singapore (0.2K units)
4. Indonesia (0.1K units)

Source: IndexBox Market Intelligence Platform