Price for Machinery; Parts of the Machinery of Heading No. 8427 in Malaysia - 2023
Contents:
- Price for Machinery; Parts of the Machinery of Heading No. 8427 in Malaysia (FOB) - 2022
- Price for Machinery; Parts of the Machinery of Heading No. 8427 in Malaysia (CIF) - 2022
- Exports of Machinery; Parts of the Machinery of Heading No. 8427 in Malaysia
- Imports of Machinery; Parts of the Machinery of Heading No. 8427 in Malaysia
Price for Machinery; Parts of the Machinery of Heading No. 8427 in Malaysia (FOB) - 2022
The average export price for machinery; parts of the machinery of heading no. 8427 stood at $5,553 per ton in 2022, shrinking by -13.5% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average export price increased by 58% against the previous year. Over the period under review, the average export prices hit record highs at $9,067 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($8,950 per ton), while the average price for exports to Thailand ($5,221 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+5.3%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Machinery; Parts of the Machinery of Heading No. 8427 in Malaysia (CIF) - 2022
In 2022, the average import price for machinery; parts of the machinery of heading no. 8427 amounted to $3,242 per ton, falling by -22.5% against the previous year. Overall, the import price showed a abrupt curtailment. The pace of growth appeared the most rapid in 2017 when the average import price increased by 19%. The import price peaked at $7,404 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($10,385 per ton), while the price for China ($2,094 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+0.2%), while the prices for the other major suppliers experienced a decline.
Exports of Machinery; Parts of the Machinery of Heading No. 8427 in Malaysia
In 2022, exports of machinery; parts of the machinery of heading no. 8427 from Malaysia soared to 8.5K tons, increasing by 40% compared with the year before. Overall, exports saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 477%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of machinery; parts of the machinery of heading no. 8427 soared to $47M in 2022. In general, exports posted significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 710% against the previous year. Over the period under review, the exports of machinery; parts of machinery of heading no. 8427 hit record highs in 2022 and are expected to retain growth in years to come.
| Export of Machinery; Parts of the Machinery of Heading No. 8427 in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | 10.2 | 18.6 | 23.4 | 51.5% |
| Germany | N/A | 1.7 | 16.3 | 11.1 | 155.5% |
| Poland | N/A | 3.6 | 0.2 | 8.0 | 49.1% |
| Singapore | 0.8 | 0.5 | 0.3 | 0.7 | -4.4% |
| Thailand | 0.5 | 0.4 | 0.1 | 0.1 | -41.5% |
| Hong Kong SAR | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Others | 0.9 | 3.6 | 3.2 | 3.7 | 60.2% |
| Total | 2.5 | 20.1 | 38.8 | 47.1 | 166.1% |
Top Export Markets for Machinery; Parts of the Machinery of Heading No. 8427 from Malaysia in 2022:
- China (4.4K tons)
- Germany (2.1K tons)
- Poland (1.5K tons)
- Singapore (0.1K tons)
- Hong Kong SAR (0.1K tons)
Imports of Machinery; Parts of the Machinery of Heading No. 8427 in Malaysia
In 2022, approx. 5.1K tons of machinery; parts of the machinery of heading no. 8427 were imported into Malaysia; picking up by 34% compared with the year before. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +15.2% 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 +80.1% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 34%. Over the period under review, imports of machinery; parts of machinery of heading no. 8427 reached the maximum in 2022 and are likely to see steady growth in years to come.
In value terms, imports of machinery; parts of the machinery of heading no. 8427 expanded modestly to $16M in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 15% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Machinery; Parts of the Machinery of Heading No. 8427 in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 7.0 | 5.7 | 8.5 | 9.5 | 10.7% |
| Japan | 2.1 | 2.0 | 1.7 | 2.0 | -1.6% |
| Taiwan (Chinese) | 0.6 | 0.6 | 0.8 | 0.8 | 10.1% |
| Others | 6.6 | 5.5 | 4.8 | 4.2 | -14.0% |
| Total | 16.4 | 13.7 | 15.8 | 16.4 | 0.0% |
Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8427 to Malaysia in 2022:
- China (4.5K tons)
- Japan (0.2K tons)
- Taiwan (Chinese) (0.1K tons)
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