Malaysia: Vices And Clamps Market 2025

Vices And Clamps Market Size in Malaysia

In 2022, the Malaysian vices and clamps market decreased by -4.1% to $X, falling for the second year in a row after three years of growth. In general, the total consumption indicated a modest 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, consumption decreased by -9.0% against 2020 indices. Vices and clamps consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Vices And Clamps Production in Malaysia

In value terms, vices and clamps production skyrocketed to $X in 2022 estimated in export price. Overall, production recorded resilient growth. The pace of growth appeared the most rapid in 2019 when the production volume increased by 275%. Vices and clamps production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Vices And Clamps Exports

Exports from Malaysia

Vices and clamps exports from Malaysia reduced modestly to X tons in 2022, stabilizing at the previous year's figure. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 122% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, vices and clamps exports shrank to $X in 2022. Overall, exports showed a pronounced downturn. The most prominent rate of growth was recorded in 2019 with an increase of 145%. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Cambodia (X tons) was the main destination for vices and clamps exports from Malaysia, accounting for a 39% share of total exports. Moreover, vices and clamps exports to Cambodia exceeded the volume sent to the second major destination, Singapore (X tons), threefold. The Philippines (X tons) ranked third in terms of total exports with a 7% share.

From 2012 to 2022, the average annual growth rate of volume to Cambodia totaled +50.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (-10.4% per year) and the Philippines (+35.1% per year).

In value terms, Singapore ($X), Thailand ($X) and the Philippines ($X) appeared to be the largest markets for vices and clamps exported from Malaysia worldwide, with a combined 42% share of total exports. The United Arab Emirates, Cambodia, Brunei Darussalam, Japan, Indonesia, Vietnam, Oman, the UK, the United States and Pakistan lagged somewhat behind, together comprising a further 35%.

Among the main countries of destination, Oman, with a CAGR of +80.2%, recorded the highest rates of growth with regard to the value of exports, 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 vices and clamps export price amounted to $X per ton, leveling off at the previous year. Over the period under review, the export price showed a pronounced curtailment. The growth pace was the most rapid in 2019 an increase of 11% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 Thailand ($X per ton), while the average price for exports to Cambodia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.

Vices And Clamps Imports

Imports into Malaysia

In 2022, the amount of vices and clamps imported into Malaysia contracted dramatically to X tons, shrinking by -28% compared with the previous year. Over the period under review, imports saw a perceptible downturn. The most prominent rate of growth was recorded in 2017 when imports increased by 59%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, vices and clamps imports reduced rapidly to $X in 2022. In general, imports saw a abrupt contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 47% against the previous year. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of vices and clamps to Malaysia, with a 48% share of total imports. Moreover, vices and clamps imports from China exceeded the figures recorded by the second-largest supplier, the UK (X tons), fourfold. Thailand (X tons) ranked third in terms of total imports with a 7.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to -4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+15.3% per year) and Thailand (+3.5% per year).

In value terms, China ($X) constituted the largest supplier of vices and clamps to Malaysia, comprising 33% of total imports. The second position in the ranking was held by the UK ($X), with a 14% share of total imports. It was followed by Singapore, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+7.5% per year) and Singapore (-3.6% per year).

Import Prices by Country

In 2022, the average vices and clamps import price amounted to $X per ton, with an increase of 17% against the previous year. Overall, the import price, however, continues to indicate a slight reduction. The pace of growth was the most pronounced in 2013 when the average import price increased by 72%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

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 Singapore ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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