Price for Navigational Instruments and Appliances; Parts and Accessories in Malaysia - 2024

Contents:

1. Price for Navigational Instruments and Appliances; Parts and Accessories in Malaysia (FOB) - 2022
2. Price for Navigational Instruments and Appliances; Parts and Accessories in Malaysia (CIF) - 2022
3. Exports of Navigational Instruments and Appliances; Parts and Accessories in Malaysia
4. Imports of Navigational Instruments and Appliances; Parts and Accessories in Malaysia

Price for Navigational Instruments and Appliances; Parts and Accessories in Malaysia (FOB) - 2022

The average export price for navigational instruments and appliances; parts and accessorieses stood at $693,766 per ton in 2022, increasing by 72% against the previous year. In general, the export price showed a resilient expansion. The most prominent rate of growth was recorded in 2019 an increase of 148% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($1,081,245 per ton), while the average price for exports to Thailand ($46,929 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 the United States (+21.3%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Navigational Instruments and Appliances; Parts and Accessories in Malaysia (CIF) - 2022

The average import price for navigational instruments and appliances; parts and accessorieses stood at $114,207 per ton in 2022, with an increase of 59% against the previous year. Over the period under review, the import price, however, saw a perceptible downturn. The most prominent rate of growth was recorded in 2018 an increase of 72% against the previous year. As a result, import price attained the peak level of $263,775 per ton. From 2019 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 Canada ($550,198 per ton), while the price for Germany ($30,339 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+19.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Navigational Instruments and Appliances; Parts and Accessories in Malaysia

In 2022, shipments abroad of navigational instruments and appliances; parts and accessorieses decreased by -23.5% to 37 tons, falling for the second year in a row after two years of growth. Overall, exports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2020 with an increase of 225% against the previous year. As a result, the exports reached the peak of 68 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of navigational instruments and appliances; parts and accessorieses skyrocketed to $26M in 2022. Over the period under review, exports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 471% against the previous year. As a result, the exports attained the peak of $45M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Top Export Markets for Navigational Instruments and Appliances; Parts and Accessories from Malaysia in 2022:

1. United States (19.1 tons)
2. Singapore (5.8 tons)
3. China (3.9 tons)
4. United Kingdom (3.3 tons)
5. Australia (1.2 tons)
6. Thailand (1.0 tons)
7. Germany (0.7 tons)

Imports of Navigational Instruments and Appliances; Parts and Accessories in Malaysia

In 2022, after three years of growth, there was significant decline in purchases abroad of navigational instruments and appliances; parts and accessorieses, when their volume decreased by -43.6% to 56 tons. Over the period under review, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 126%. As a result, imports reached the peak of 100 tons, and then shrank significantly in the following year.

In value terms, imports of navigational instruments and appliances; parts and accessorieses declined to $6.4M in 2022. In general, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +14.1% 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 +48.5% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 42%.

Top Suppliers of Navigational Instruments and Appliances; Parts and Accessories to Malaysia in 2022:

1. Germany (30.7 tons)
2. Hong Kong SAR (6.3 tons)
3. China (4.6 tons)
4. United States (3.9 tons)
5. Japan (2.4 tons)
6. Singapore (2.1 tons)
7. Taiwan (Chinese) (1.9 tons)
8. United Kingdom (0.5 tons)

Source: IndexBox Market Intelligence Platform