Price for Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Malaysia - 2024

Contents:

1. Price for Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Malaysia (CIF) - 2022
2. Price for Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Malaysia (FOB) - 2022
3. Imports of Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Malaysia
4. Exports of Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Malaysia

Price for Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Malaysia (CIF) - 2022

The average import price for clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds stood at $60 per unit in 2022, rising by 170% against the previous year. Overall, the import price continues to indicate a significant expansion. The growth pace was the most rapid in 2020 when the average import price increased by 171%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +26.9% per year.

Price for Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Malaysia (FOB) - 2022

In 2022, the average export price for clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds amounted to $131 per unit, with a decrease of -9.1% against the previous year. Over the period under review, the export price, however, continues to indicate a prominent increase. The pace of growth was the most pronounced in 2013 when the average export price increased by 32%. Over the period under review, the average export prices attained the maximum at $144 per unit in 2021, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($477 per unit), while the average price for exports to Portugal ($1 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 Hong Kong SAR (+34.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Malaysia

In 2022, imports of clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds into Malaysia was estimated at 1.2K units, with an increase of 4.5% against the previous year's figure. In general, imports, however, continue to indicate a sharp shrinkage. The growth pace was the most rapid in 2021 when imports increased by 103%. Imports peaked at 12K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds skyrocketed to $74K in 2022. Overall, imports showed a strong increase. The most prominent rate of growth was recorded in 2021 when imports increased by 273% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

Top Suppliers of Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered to Malaysia in 2022:

1. Switzerland (1.2K units)

Exports of Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Malaysia

In 2022, approx. 22 units of clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds were exported from Malaysia; with a decrease of -45% on 2021 figures. Over the period under review, exports showed a precipitous decrease. Over the period under review, the exports of reached the maximum at 40 units in 2021, and then fell rapidly in the following year.

In value terms, exports of clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds fell notably to $2.9K in 2022. Overall, exports continue to indicate a dramatic slump. The exports peaked at $5.8K in 2021, and then contracted rapidly in the following year.

Top Export Markets for Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered from Malaysia in 2022:

1. Hong Kong SAR (5.0 units)
2. Canada (1.0 units)
3. Australia (1.0 units)
4. Estonia (1.0 units)
5. Portugal (1.0 units)
6. Nepal (1.0 units)
7. Brunei Darussalam (1.0 units)
8. France (1.0 units)
9. Austria (1.0 units)
10. Netherlands (1.0 units)
11. Germany (1.0 units)
12. China (1.0 units)
13. New Zealand (1.0 units)

Source: IndexBox Market Intelligence Platform