Price for Pens; Nibs and Nib Points in Malaysia - 2021

Contents:

1. Price for Pens; Nibs and Nib Points in Malaysia (FOB) - 2022
2. Price for Pens; Nibs and Nib Points in Malaysia (CIF) - 2022
3. Exports of Pens; Nibs and Nib Points in Malaysia
4. Imports of Pens; Nibs and Nib Points in Malaysia

Price for Pens; Nibs and Nib Points in Malaysia (FOB) - 2022

The average export price for pens; nibs and nib pointses stood at $8.9 per thousand units in 2022, falling by -26.4% against the previous year. Over the period under review, the export price continues to indicate a mild shrinkage. The growth pace was the most rapid in 2017 when the average export price increased by 38% against the previous year. Over the period under review, the average export prices reached the maximum at $19 per thousand units in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($16 per thousand units), while the average price for exports to the United Arab Emirates ($4.8 per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+5.1%), while the prices for the other major destinations experienced a decline.

Price for Pens; Nibs and Nib Points in Malaysia (CIF) - 2022

In 2022, the average import price for pens; nibs and nib pointses amounted to $12 per thousand units, waning by -12.5% against the previous year. In general, the import price continues to indicate a slight contraction. The pace of growth was the most pronounced in 2017 when the average import price increased by 19%. The import price peaked at $19 per thousand units in 2019; however, from 2020 to 2022, import prices remained at a 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 India ($31 per thousand units), while the price for China ($5.2 per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+7.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Pens; Nibs and Nib Points in Malaysia

In 2022, pens; nibs and nib points exports from Malaysia soared to 560M units, surging by 27% compared with the previous year. Overall, exports posted a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 317%. As a result, the exports attained the peak of 812M units. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, pens; nibs and nib points exports declined to $5M in 2022. In general, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 234%. As a result, the exports reached the peak of $9.6M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Top Export Markets for Pens; Nibs and Nib Points from Malaysia in 2022:

1. Vietnam (174.3M units)
2. United States (149.4M units)
3. Italy (55.6M units)
4. India (42.9M units)
5. United Arab Emirates (32.5M units)
6. Turkey (30.9M units)
7. Singapore (17.7M units)
8. South Korea (10.0M units)

Imports of Pens; Nibs and Nib Points in Malaysia

Pens; nibs and nib points imports into Malaysia skyrocketed to 442M units in 2022, picking up by 36% against the previous year. In general, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +14.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.0% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, pens; nibs and nib points imports surged to $5.3M in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. Over the period under review, imports reached the maximum at $5.4M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Top Suppliers of Pens; Nibs and Nib Points to Malaysia in 2022:

1. Japan (175.6M units)
2. China (130.9M units)
3. Thailand (107.4M units)
4. Switzerland (18.0M units)
5. India (9.5M units)

Source: IndexBox Market Intelligence Platform