Malaysia: Ink-Pad Market 2024

Ink-Pad Market Size in Malaysia

The Malaysian ink-pad market rose rapidly to $X in 2022, with an increase of 6.8% against the previous year. In general, consumption, however, continues to indicate a abrupt shrinkage. Ink-pad consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Ink-Pad Production in Malaysia

In value terms, ink-pad production plummeted to $X in 2022 estimated in export price. Overall, production continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2019 when the production volume increased by 90% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Ink-Pad Exports

Exports from Malaysia

In 2022, overseas shipments of ink-pads increased by 14% to X units for the first time since 2017, thus ending a four-year declining trend. Overall, exports, however, continue to indicate a slight reduction. The most prominent rate of growth was recorded in 2016 with an increase of 280%. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, ink-pad exports soared to $X in 2022. Over the period under review, exports, however, saw a abrupt downturn. The pace of growth appeared the most rapid in 2016 when exports increased by 110%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

South Africa (X units), the Philippines (X units) and Japan (X units) were the main destinations of ink-pad exports from Malaysia, with a combined 39% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of +54.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X), Japan ($X) and the Philippines ($X) were the largest markets for ink-pad exported from Malaysia worldwide, with a combined 41% share of total exports.

Japan, with a CAGR of +40.0%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average ink-pad export price amounted to $X per unit, with an increase of 8% against the previous year. Overall, the export price, however, recorded a deep setback. The most prominent rate of growth was recorded in 2015 an increase of 23%. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the average export prices failed to regain momentum.

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 Colombia ($X per unit), while the average price for exports to Russia ($X 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 United Arab Emirates (+5.9%), while the prices for the other major destinations experienced a decline.

Ink-Pad Imports

Imports into Malaysia

In 2022, the amount of ink-pads imported into Malaysia soared to X units, picking up by 202% on the previous year's figure. Overall, imports enjoyed a noticeable increase. The most prominent rate of growth was recorded in 2020 with an increase of 264%. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, ink-pad imports skyrocketed to $X in 2022. In general, imports recorded a temperate expansion. The pace of growth was the most pronounced in 2020 with an increase of 278% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of ink-pad to Malaysia, with a 64% share of total imports. Moreover, ink-pad imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), sixfold. The third position in this ranking was taken by Taiwan (Chinese) (X units), with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +20.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+1.8% per year) and Taiwan (Chinese) (+2.9% per year).

In value terms, China ($X) constituted the largest supplier of ink-pads to Malaysia, comprising 64% of total imports. The second position in the ranking was taken by Germany ($X), with an 11% share of total imports. It was followed by Taiwan (Chinese), with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +20.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+1.9% per year) and Taiwan (Chinese) (+2.9% per year).

Import Prices by Country

The average ink-pad import price stood at $X per unit in 2022, waning by -10.2% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 14%. As a result, import price reached the peak level of $X per unit, and then reduced in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Austria ($X per unit) and the United States ($X per unit), while the price for Singapore ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+1.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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