Malaysia: Hand Stamp Market 2024

Hand Stamp Market Size in Malaysia

In 2022, the Malaysian hand stamp market decreased by -6.4% to $X for the first time since 2019, thus ending a two-year rising trend. The market value increased at an average annual rate of +2.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Hand Stamp Production in Malaysia

In value terms, hand stamp production totaled $X in 2022 estimated in export price. Overall, production saw moderate growth. The pace of growth appeared the most rapid in 2018 with an increase of 66% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Hand Stamp Exports

Exports from Malaysia

In 2022, overseas shipments of stamps for use in the hand increased by 22% to X units, rising for the second consecutive year after two years of decline. In general, total exports indicated a temperate expansion from 2012 to 2022: its volume increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +25.6% against 2020 indices. The pace of growth was the most pronounced in 2018 with an increase of 23%. As a result, the exports reached the peak of X units. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, hand stamp exports shrank to $X in 2022. Over the period under review, total exports indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +7.6% against 2020 indices. The growth pace was the most rapid in 2018 when exports increased by 90%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X units), Germany (X units) and Singapore (X units) were the main destinations of hand stamp exports from Malaysia, with a combined 62% share of total exports. The Philippines, Australia, Lebanon, Qatar, South Africa, Vietnam, Brunei Darussalam and Thailand lagged somewhat behind, together comprising a further 28%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Qatar (with a CAGR of +85.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for hand stamp exported from Malaysia were the United States ($X), Germany ($X) and the Philippines ($X), together comprising 62% of total exports. Singapore, Australia, South Africa, Qatar, Vietnam, Brunei Darussalam, Lebanon and Thailand lagged somewhat behind, together comprising a further 23%.

Qatar, with a CAGR of +77.5%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average hand stamp export price amounted to $X per unit, declining by -23.2% against the previous year. Overall, the export price saw a slight downturn. The pace of growth appeared the most rapid in 2018 when the average export price increased by 54% against the previous year. The export price peaked at $X per unit in 2021, and then dropped remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($X per unit), while the average price for exports to Lebanon ($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 South Africa (+18.1%), while the prices for the other major destinations experienced more modest paces of growth.

Hand Stamp Imports

Imports into Malaysia

In 2022, supplies from abroad of stamps for use in the hand was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, saw a mild shrinkage. The growth pace was the most rapid in 2013 when imports increased by 35% against the previous year. As a result, imports reached the peak of X units. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, hand stamp imports shrank to $X in 2022. The total import value increased at an average annual rate of +2.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of 68% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports failed to regain momentum.

Imports by Country

China (X units), Taiwan (Chinese) (X units) and Italy (X units) were the main suppliers of hand stamp imports to Malaysia, together comprising 62% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +40.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X), China ($X) and Singapore ($X) were the largest hand stamp suppliers to Malaysia, with a combined 66% share of total imports.

In terms of the main suppliers, Singapore, with a CAGR of +41.8%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average hand stamp import price amounted to $X per unit, reducing by -6.4% against the previous year. Overall, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hand stamp import price increased by +28.4% against 2019 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 32% against the previous year. As a result, import price attained the peak level of $X per unit, and then contracted in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($X per unit), while the price for Slovenia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+15.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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