Malaysia: Plaster Article Market 2024

Plaster Article Market Size in Malaysia

The Malaysian plaster article market reduced to $X in 2021, with a decrease of -12.5% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Plaster Article Production in Malaysia

In value terms, plaster article production contracted dramatically to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a mild decline. The most prominent rate of growth was recorded in 2017 with an increase of 81%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Plaster Article Exports

Exports from Malaysia

In 2021, plaster article exports from Malaysia declined rapidly to X tons, reducing by -69% compared with the year before. In general, exports saw a significant contraction. The most prominent rate of growth was recorded in 2019 when exports increased by 270%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, plaster article exports expanded notably to $X in 2021. Overall, exports saw a abrupt decrease. The most prominent rate of growth was recorded in 2019 with an increase of 9.7%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Singapore (X tons) was the main destination for plaster article exports from Malaysia, with a 79% share of total exports. Moreover, plaster article exports to Singapore exceeded the volume sent to the second major destination, Brunei Darussalam (X tons), more than tenfold. The third position in this ranking was taken by Macao SAR (X tons), with a 2.9% share.

From 2012 to 2021, the average annual growth rate of volume to Singapore totaled -9.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brunei Darussalam (-14.7% per year) and Macao SAR (+9.4% per year).

In value terms, Singapore ($X) remains the key foreign market for plaster article exports from Malaysia, comprising 89% of total exports. The second position in the ranking was taken by the UK ($X), with a 3% share of total exports. It was followed by Brunei Darussalam, with a 1.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Singapore stood at -4.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+42.6% per year) and Brunei Darussalam (-5.7% per year).

Export Prices by Country

The average plaster article export price stood at $X per ton in 2021, picking up by 249% against the previous year. Overall, the export price enjoyed a resilient expansion. Over the period under review, the average export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Singapore ($X per ton), while the average price for exports to Myanmar ($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 Indonesia (+18.7%), while the prices for the other major destinations experienced more modest paces of growth.

Plaster Article Imports

Imports into Malaysia

In 2021, plaster article imports into Malaysia totaled X tons, increasing by 10% against the year before. In general, imports continue to indicate a prominent expansion. The growth pace was the most rapid in 2014 with an increase of 58%. Over the period under review, imports attained the peak figure at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, plaster article imports declined dramatically to $X in 2021. Over the period under review, total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when imports increased by 33% against the previous year. Imports peaked at $X in 2020, and then fell notably in the following year.

Imports by Country

In 2021, Thailand (X tons) constituted the largest supplier of plaster article to Malaysia, with a 76% share of total imports. Moreover, plaster article imports from Thailand exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), fivefold. The third position in this ranking was held by China (X tons), with a 5% share.

From 2012 to 2021, the average annual growth rate of volume from Thailand stood at +8.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+7.1% per year) and China (+10.0% per year).

In value terms, Thailand ($X) constituted the largest supplier of plaster article to Malaysia, comprising 57% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 17% share of total imports. It was followed by China, with a 16% share.

From 2012 to 2021, the average annual growth rate of value from Thailand stood at +7.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+7.3% per year) and China (-0.2% per year).

Import Prices by Country

In 2021, the average plaster article import price amounted to $X per ton, falling by -24.5% against the previous year. Overall, the import price continues to indicate a perceptible contraction. The pace of growth was the most pronounced in 2013 when the average import price increased by 33%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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