Malaysia: Aluminium Bar Market 2024

Aluminium Bar Market Size in Malaysia

After two years of growth, the Malaysian aluminium bar market decreased by -10% to $X in 2021. The market value increased at an average annual rate of +1.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Aluminium Bar Production in Malaysia

In value terms, aluminium bar production dropped to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when the production volume increased by 24%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Aluminium Bar Exports

Exports from Malaysia

In 2021, shipments abroad of aluminium bars, rods and profiles was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports recorded a resilient increase. The pace of growth appeared the most rapid in 2018 with an increase of 111%. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, aluminium bar exports surged to $X in 2021. In general, exports continue to indicate prominent growth. The pace of growth appeared the most rapid in 2018 when exports increased by 92%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Canada (X tons), the United States (X tons) and Singapore (X tons) were the main destinations of aluminium bar exports from Malaysia, with a combined 42% share of total exports. Australia, Vietnam, Spain, Thailand, China, New Zealand, Germany, Taiwan (Chinese), Poland and Indonesia lagged somewhat behind, together accounting for a further 50%.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +979.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for aluminium bar exported from Malaysia were the United States ($X), Canada ($X) and Singapore ($X), with a combined 49% share of total exports. These countries were followed by Australia, Spain, Vietnam, Thailand, Poland, Taiwan (Chinese), Germany, New Zealand, Indonesia and China, which together accounted for a further 42%.

Poland, with a CAGR of +1,291.6%, saw 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 more modest paces of growth.

Export Prices by Country

In 2021, the average aluminium bar export price amounted to $X per ton, rising by 12% against the previous year. In general, the export price, however, showed a mild descent. The pace of growth was the most pronounced in 2016 an increase of 15%. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+29.0%), while the prices for the other major destinations experienced mixed trend patterns.

Aluminium Bar Imports

Imports into Malaysia

In 2021, purchases abroad of aluminium bars, rods and profiles was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports saw strong growth. The growth pace was the most rapid in 2017 when imports increased by 58% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to continue growth in the near future.

In value terms, aluminium bar imports surged to $X in 2021. Overall, imports continue to indicate strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest aluminium bar supplier to Malaysia, with a 74% share of total imports. Moreover, aluminium bar imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), ninefold. Taiwan (Chinese) (X tons) ranked third in terms of total imports with a 7.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +11.2%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+27.2% per year) and Taiwan (Chinese) (+1.1% per year).

In value terms, China ($X) constituted the largest supplier of aluminium bars, rods and profiles to Malaysia, comprising 71% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 7.6% share of total imports. It was followed by South Korea, with a 6.6% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +11.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-1.4% per year) and South Korea (+24.5% per year).

Import Prices by Country

The average aluminium bar import price stood at $X per ton in 2021, surging by 14% against the previous year. Overall, the import price, however, showed a mild decline. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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