Malaysia: Market for Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like 2024

Market Size for Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like in Malaysia

In 2022, the Malaysian articles of fiber cement market increased by 44% to $X, rising for the second year in a row after eight years of decline. Over the period under review, consumption, however, continues to indicate a noticeable curtailment. Articles of fiber cement consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like in Malaysia

In value terms, articles of fiber cement production fell to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a deep downturn. The pace of growth appeared the most rapid in 2021 when the production volume increased by 17%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like

Exports from Malaysia

In 2022, approx. X tons of articles of asbestos-cement, cellulose fiber-cement or the like were exported from Malaysia; reducing by -56.8% against the previous year's figure. Over the period under review, exports saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 when exports increased by 42% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, articles of fiber cement exports dropped notably to $X in 2022. Overall, exports showed a abrupt curtailment. The growth pace was the most rapid in 2021 when exports increased by 53% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Taiwan (Chinese) (X tons) was the main destination for articles of fiber cement exports from Malaysia, accounting for a 48% share of total exports. Moreover, articles of fiber cement exports to Taiwan (Chinese) exceeded the volume sent to the second major destination, Australia (X tons), fourfold. The third position in this ranking was held by Vietnam (X tons), with a 9.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Taiwan (Chinese) amounted to -4.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (-10.6% per year) and Vietnam (-12.5% per year).

In value terms, Taiwan (Chinese) ($X) remains the key foreign market for articles of asbestos-cement, cellulose fiber-cement or the like exports from Malaysia, comprising 41% of total exports. The second position in the ranking was held by Australia ($X), with a 15% share of total exports. It was followed by South Korea, with an 8.3% share.

From 2012 to 2022, the average annual growth rate of value to Taiwan (Chinese) amounted to -7.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (-12.4% per year) and South Korea (-14.2% per year).

Export Prices by Country

In 2022, the average articles of fiber cement export price amounted to $X per ton, approximately reflecting the previous year. In general, the export price continues to indicate a slight curtailment. The pace of growth was the most pronounced in 2013 an increase of 8.2% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to Sri Lanka ($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 Indonesia (+6.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like

Imports into Malaysia

In 2022, overseas purchases of articles of asbestos-cement, cellulose fiber-cement or the like increased by 33% to X tons, rising for the second consecutive year after two years of decline. In general, imports recorded a buoyant increase. The growth pace was the most rapid in 2016 with an increase of 54%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, articles of fiber cement imports surged to $X in 2022. Overall, imports posted a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Thailand (X tons) and Indonesia (X tons) were the main suppliers of articles of fiber cement imports to Malaysia, with a combined 97% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Indonesia (with a CAGR of +26.3%), while imports for the other leaders experienced mixed trend patterns.

In value terms, China ($X) constituted the largest supplier of articles of asbestos-cement, cellulose fiber-cement or the like to Malaysia, comprising 54% of total imports. The second position in the ranking was taken by Thailand ($X), with a 23% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China stood at +13.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-0.8% per year) and Indonesia (+27.9% per year).

Import Prices by Country

In 2022, the average articles of fiber cement import price amounted to $X per ton, increasing by 9.1% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 43% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+2.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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