Weaving Machines (Looms) Price in Malaysia - 2022
Contents:
- Weaving Machines (Looms) Price in Malaysia (FOB) - 2022
- Weaving Machines (Looms) Price in Malaysia (CIF) - 2022
- Weaving Machines (Looms) Exports in Malaysia
- Weaving Machines (Looms) Imports in Malaysia
Weaving Machines (Looms) Price in Malaysia (FOB) - 2022
In 2022, the average weaving machines (looms) export price amounted to $23,031 per unit, increasing by 1,083% against the previous year. In general, the export price enjoyed a significant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Sri Lanka ($29,159 per unit), while the average price for exports to the United States ($1,035 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 Turkey (+85.9%), while the prices for the other major destinations experienced more modest paces of growth.
Weaving Machines (Looms) Price in Malaysia (CIF) - 2022
In 2022, the average weaving machines (looms) import price amounted to $5,914 per unit, picking up by 50% against the previous year. Overall, the import price, however, saw a abrupt shrinkage. The import price peaked at $14,828 per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat 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 Japan ($67,427 per unit), while the price for the United States ($2,537 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+22.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Weaving Machines (Looms) Exports in Malaysia
In 2022, after three years of growth, there was significant decline in shipments abroad of weaving machines (looms)s, when their volume decreased by -97.8% to 198 units. Over the period under review, exports saw a sharp setback. The most prominent rate of growth was recorded in 2020 with an increase of 524%. Over the period under review, the exports reached the maximum at 9.1K units in 2021, and then dropped dramatically in the following year.
In value terms, weaving machines (looms) exports shrank notably to $4.6M in 2022. Overall, exports, however, saw resilient growth. The pace of growth appeared the most rapid in 2020 when exports increased by 823% against the previous year. As a result, the exports attained the peak of $31M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Weaving Machines (Looms) in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 0.9 | 3.6 | 1.0 | 0.1 | -51.9% |
| Germany | N/A | N/A | N/A | 0.1 | 0% |
| Sri Lanka | N/A | N/A | N/A | 0.1 | 0% |
| China | N/A | N/A | N/A | 0.1 | 0% |
| Vietnam | N/A | 4.5 | 2.9 | N/A | -35.6% |
| United States | N/A | N/A | N/A | N/A | 0% |
| Singapore | N/A | 0.3 | N/A | N/A | 0% |
| Bangladesh | 0.5 | 5.0 | 1.0 | N/A | 41.4% |
| Pakistan | 1.4 | 3.3 | 4.6 | N/A | 81.3% |
| Turkey | N/A | 13.3 | 7.1 | N/A | -46.6% |
| Others | 0.5 | 0.9 | 1.1 | 4.2 | 103.3% |
| Total | 3.3 | 30.9 | 17.7 | 4.6 | 11.7% |
Top Export Markets for Weaving Machines (Looms) from Malaysia in 2022:
- Germany (93.0 units)
- China (51.0 units)
- United States (34.0 units)
- Singapore (9.0 units)
- India (8.0 units)
- Sri Lanka (3.0 units)
Weaving Machines (Looms) Imports in Malaysia
In 2022, overseas purchases of weaving machines (looms)s decreased by -68.1% to 412 units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports recorded a slight downturn. The growth pace was the most rapid in 2021 with an increase of 184% against the previous year. As a result, imports attained the peak of 1.3K units, and then declined dramatically in the following year.
In value terms, weaving machines (looms) imports shrank significantly to $2.4M in 2022. In general, imports recorded a sharp descent. The most prominent rate of growth was recorded in 2021 when imports increased by 49%. Imports peaked at $5.1M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Weaving Machines (Looms) in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3,532 | 2,320 | 4,380 | 968 | -35.0% |
| Italy | N/A | 139 | N/A | 551 | 99.1% |
| Japan | 1,456 | 624 | 202 | 405 | -34.7% |
| India | 0.4 | 17.6 | 47.6 | 192 | 683.0% |
| Switzerland | 63.4 | 154 | 322 | 157 | 35.3% |
| United States | 2.7 | 3.9 | N/A | 83.7 | 214.1% |
| Vietnam | N/A | N/A | 105 | 51.5 | -51.0% |
| Others | 91.9 | 144 | 28.7 | 28.8 | -32.1% |
| Total | 5,146 | 3,402 | 5,085 | 2,437 | -22.1% |
Top Suppliers of Weaving Machines (Looms) to Malaysia in 2022:
- China (315.0 units)
- United States (33.0 units)
- India (20.0 units)
- Italy (14.0 units)
- Switzerland (10.0 units)
- Vietnam (9.0 units)
- Japan (6.0 units)
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