Price for Ivory and Articles Thereof; Worked in Malaysia - 2021

Contents:

1. Price for Ivory and Articles Thereof; Worked in Malaysia (CIF) - 2022
2. Price for Ivory and Articles Thereof; Worked in Malaysia (FOB) - 2022
3. Imports of Ivory and Articles Thereof; Worked in Malaysia
4. Exports of Ivory and Articles Thereof; Worked in Malaysia

Price for Ivory and Articles Thereof; Worked in Malaysia (CIF) - 2022

In 2022, the average import price for ivory and articles thereof; worked amounted to $7,366 per ton, picking up by 46% against the previous year. In general, the import price showed strong growth. The most prominent rate of growth was recorded in 2017 when the average import price increased by 98%. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($14,488 per ton), while the price for Singapore ($3,786 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+20.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Ivory and Articles Thereof; Worked in Malaysia (FOB) - 2022

In 2022, the average export price for ivory and articles thereof; worked amounted to $10,067 per ton, reducing by -61.7% against the previous year. Over the period under review, the export price faced a deep contraction. The most prominent rate of growth was recorded in 2015 when the average export price increased by 144%. As a result, the export price reached the peak level of $87,960 per ton. From 2016 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($16,429 per ton), while the average price for exports to Brunei Darussalam ($4,055 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 Brunei Darussalam (-12.9%), while the prices for the other major destinations experienced a decline.

Imports of Ivory and Articles Thereof; Worked in Malaysia

Ivory and articles thereof; worked imports into Malaysia fell notably to 1 tons in 2022, declining by -51.2% compared with the previous year's figure. In general, imports faced a deep setback. The pace of growth was the most pronounced in 2021 when imports increased by 110%. As a result, imports reached the peak of 2.1 tons, and then dropped significantly in the following year.

In value terms, ivory and articles thereof; worked imports contracted significantly to $7.7K in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 135%. As a result, imports attained the peak of $11K, and then dropped significantly in the following year.

Top Suppliers of Ivory and Articles Thereof; Worked to Malaysia in 2022:

1. India (505.0 kg)
2. United States (480.0 kg)
3. Vietnam (25.0 kg)
4. Japan (24.0 kg)

Exports of Ivory and Articles Thereof; Worked in Malaysia

For the fourth consecutive year, Malaysia recorded growth in shipments abroad of ivory and articles thereof; worked, which increased by 177% to 627 kg in 2022. Over the period under review, exports posted a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 182% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, ivory and articles thereof; worked exports expanded remarkably to $6.3K in 2022. Overall, exports posted a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 558% against the previous year. As a result, the exports attained the peak of $6.7K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Top Export Markets for Ivory and Articles Thereof; Worked from Malaysia in 2022:

1. Philippines (471.0 kg)
2. Singapore (142.0 kg)
3. Brunei Darussalam (13.0 kg)

Source: IndexBox Market Intelligence Platform