Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Malaysia - 2024

Contents:

1. Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Malaysia (CIF) - 2022
2. Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Malaysia (FOB) - 2022
3. Imports of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Malaysia
4. Exports of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Malaysia

Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Malaysia (CIF) - 2022

The average import price for weighing machines; having a maximum weighing capacity exceeding 5000kgs stood at $124 per unit in 2022, growing by 59% against the previous year. Over the period under review, the import price, however, showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2016 when the average import price increased by 64%. As a result, import price attained the peak level of $220 per unit. From 2017 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 Singapore ($489 per unit), while the price for China ($91 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Malaysia (FOB) - 2022

In 2022, the average export price for weighing machines; having a maximum weighing capacity exceeding 5000kgs amounted to $287 per unit, dropping by -32.1% against the previous year. Overall, the export price faced a deep contraction. The most prominent rate of growth was recorded in 2016 when the average export price increased by 62%. As a result, the export price reached the peak level of $1,980 per unit. From 2017 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($915 per unit), while the average price for exports to Singapore ($157 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 China (+14.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Malaysia

In 2022, after three years of growth, there was significant decline in purchases abroad of weighing machines; having a maximum weighing capacity exceeding 5000kgs, when their volume decreased by -34.9% to 25K units. Over the period under review, imports faced a deep contraction. The most prominent rate of growth was recorded in 2020 with an increase of 2.2%. Over the period under review, imports of hit record highs at 39K units in 2021, and then declined dramatically in the following year.

In value terms, imports of weighing machines; having a maximum weighing capacity exceeding 5000kgs rose modestly to $3.1M in 2022. The total import value increased at an average annual rate of +7.0% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 17%. Imports peaked in 2022 and are likely to continue growth in the near future.

Top Suppliers of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg to Malaysia in 2022:

1. China (23.6K units)
2. Japan (0.6K units)
3. Philippines (0.4K units)

Exports of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Malaysia

Exports of weighing machines; having a maximum weighing capacity exceeding 5000kgs from Malaysia was estimated at 329 units in 2022, rising by 13% compared with 2021. The total export volume increased at an average annual rate of +7.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 33% against the previous year. As a result, the exports reached the peak of 350 units. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of weighing machines; having a maximum weighing capacity exceeding 5000kgs contracted sharply to $95K in 2022. Over the period under review, exports, however, faced a abrupt descent. The pace of growth was the most pronounced in 2020 when exports increased by 12%. As a result, the exports reached the peak of $178K. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Top Export Markets for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg from Malaysia in 2022:

1. Singapore (174.0 units)
2. Philippines (52.0 units)
3. Australia (37.0 units)
4. Indonesia (32.0 units)
5. United States (23.0 units)
6. Cote d'Ivoire (9.0 units)

Source: IndexBox Market Intelligence Platform