Wood; Clothes Hangers Price in Malaysia - 2021

Contents:

1. Wood; Clothes Hangers Price in Malaysia (CIF) - 2021
2. Wood; Clothes Hangers Price in Malaysia (FOB) - 2022
3. Wood; Clothes Hangers Imports in Malaysia
4. Wood; Clothes Hangers Exports in Malaysia

Wood; Clothes Hangers Price in Malaysia (CIF) - 2021

The average wood; clothes hangers import price stood at $1,290 per ton in December 2021, with a decrease of -59.1% against the previous month. In general, the import price continues to indicate a deep downturn. The pace of growth was the most pronounced in November 2021 an increase of 141% against the previous month. Over the period under review, average import prices reached the peak figure at $3,312 per ton in April 2021; however, from May 2021 to December 2021, import prices stood at a somewhat lower figure.

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

From December 2020 to December 2021, the rate of growth in terms of prices for China amounted to -4.8% per month.

Wood; Clothes Hangers Price in Malaysia (FOB) - 2022

The average wood; clothes hangers export price stood at $1,506 per ton in 2022, remaining relatively unchanged against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2016 an increase of 19% against the previous year. The export price peaked at $4,475 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($1,786 per ton), while the average price for exports to Indonesia amounted to $1,495 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+45.4%), while the prices for the other major destinations experienced more modest paces of growth.

Wood; Clothes Hangers Imports in Malaysia

In 2022, after three years of growth, there was significant decline in purchases abroad of wood; clothes hangerses, when their volume decreased by -9.4% to 724 tons. The total import volume increased at an average annual rate of +6.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 23% against the previous year. As a result, imports reached the peak of 800 tons, and then contracted in the following year.

In value terms, wood; clothes hangers imports declined to $1.4M in 2022. The total import value increased at an average annual rate of +5.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 33%. As a result, imports reached the peak of $1.6M, and then shrank in the following year.

Top Suppliers of Wood; Clothes Hangers to Malaysia in 2022:

1. China (710.0 tons)

Wood; Clothes Hangers Exports in Malaysia

In 2022, shipments abroad of wood; clothes hangerses decreased by -24.6% to 250 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 115%.

In value terms, wood; clothes hangers exports shrank rapidly to $376K in 2022. Overall, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 94% against the previous year. As a result, the exports reached the peak of $497K, and then dropped rapidly in the following year.

Top Export Markets for Wood; Clothes Hangers from Malaysia in 2022:

1. Indonesia (240.5 tons)
2. Philippines (9.4 tons)

Source: IndexBox Market Intelligence Platform