Price for Clock or Watch Parts; Dials in Malaysia - 2021
Contents:
- Price for Clock or Watch Parts; Dials in Malaysia (CIF) - 2021
- Price for Clock or Watch Parts; Dials in Malaysia (FOB) - 2022
- Imports of Clock or Watch Parts; Dials in Malaysia
- Exports of Clock or Watch Parts; Dials in Malaysia
Price for Clock or Watch Parts; Dials in Malaysia (CIF) - 2021
The average import price for clock or watch parts; dialses stood at $1.8 per unit in December 2021, picking up by 134% against the previous month. Over the period under review, the import price, however, continues to indicate a abrupt setback. The pace of growth appeared the most rapid in March 2021 an increase of 141% against the previous month. As a result, import price attained the peak level of $6.1 per unit. From April 2021 to December 2021, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Singapore.
From December 2020 to December 2021, the rate of growth in terms of prices for Singapore amounted to -6.7% per month.
Price for Clock or Watch Parts; Dials in Malaysia (FOB) - 2022
In 2022, the average export price for clock or watch parts; dialses amounted to $2,261 per unit, shrinking by -73.8% against the previous year. In general, the export price, however, showed a significant expansion. The growth pace was the most rapid in 2021 when the average export price increased by 773% against the previous year. As a result, the export price reached the peak level of $8,627 per unit, and then declined sharply in the following year.
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 Germany ($1,283 per unit), while the average price for exports to Canada ($53 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 the Netherlands (+47.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Clock or Watch Parts; Dials in Malaysia
In 2022, supplies from abroad of clock or watch parts; dialses increased by 878% to 626 units for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, continue to indicate a sharp reduction. Over the period under review, imports attained the maximum at 22K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, clock or watch parts; dials imports soared to $1.1M in 2022. Over the period under review, imports, however, faced a precipitous contraction. Over the period under review, imports reached the peak figure at $4.6M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Clock or Watch Parts; Dials in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 4,109 | 1,398 | 33.0 | 35.3 | -79.5% |
| China | 6.9 | 69.6 | 6.9 | 19.4 | 41.1% |
| United Kingdom | N/A | 52.7 | 7.1 | 4.4 | -71.1% |
| Germany | 127 | N/A | N/A | 4.1 | -68.2% |
| Hong Kong SAR | 317 | 761 | 9.4 | 0.9 | -85.8% |
| Thailand | 72.0 | 0.1 | 5.4 | N/A | -72.6% |
| United Arab Emirates | N/A | 67.6 | N/A | N/A | 0% |
| Others | 16.3 | -933.2 | 651 | 1,000 | 294.4% |
| Total | 4,648 | 1,415 | 713 | 1,064 | -38.8% |
Top Suppliers of Clock or Watch Parts; Dials to Malaysia in 2022:
- China (461.0 units)
- United Kingdom (457.0 units)
- Germany (30.0 units)
- Hong Kong SAR (6.0 units)
- Switzerland (4.0 units)
Exports of Clock or Watch Parts; Dials in Malaysia
Clock or watch parts; dials exports from Malaysia soared to 15 units in 2022, growing by 200% against the previous year's figure. In general, exports, however, saw a precipitous curtailment. Over the period under review, the exports reached the maximum at 25 units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.
In value terms, clock or watch parts; dials exports declined rapidly to $34K in 2022. Overall, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +10.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +37.3% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 75%. As a result, the exports reached the peak of $43K, and then dropped markedly in the following year.
| Export of Clock or Watch Parts; Dials in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 5.9 | 2.8 | 76.7 | 36.6 | 83.7% |
| Hong Kong SAR | 0.1 | 0.6 | 5.7 | 7.8 | 327.3% |
| Germany | 13.5 | 3.9 | 4.2 | 3.8 | -34.5% |
| China | 11.6 | 0.1 | 5.3 | 2.1 | -43.4% |
| Netherlands | N/A | N/A | N/A | 0.6 | 0% |
| Sweden | 0.1 | 0.4 | 0.2 | 0.3 | 44.2% |
| Canada | 0.2 | 0.1 | 0.1 | 0.1 | -20.6% |
| Singapore | 2.8 | 0.3 | 0.7 | N/A | -50.0% |
| Others | -8.7 | 16.6 | -49.7 | -17.3 | 25.8% |
| Total | 25.5 | 24.7 | 43.1 | 33.9 | 10.0% |
Top Export Markets for Clock or Watch Parts; Dials from Malaysia in 2022:
- Switzerland (52.0 units)
- Hong Kong SAR (19.0 units)
- China (9.0 units)
- Germany (3.0 units)
- Canada (2.0 units)
- Netherlands (2.0 units)
- Sweden (2.0 units)
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