Malaysia: Articles Of Zinc Market 2024

Articles Of Zinc Market Size in Malaysia

In 2021, the Malaysian articles of zinc market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Overall, the total consumption indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +3.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Articles of zinc consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Articles Of Zinc Production in Malaysia

In value terms, articles of zinc production dropped slightly to $X in 2021 estimated in export price. In general, the total production indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +2.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by +0.7% against 2019 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by 55% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Articles Of Zinc Exports

Exports from Malaysia

In 2021, overseas shipments of articles of zinc increased by 30% to X tons, rising for the second consecutive year after two years of decline. In general, exports, however, saw a slight curtailment. The most prominent rate of growth was recorded in 2016 when exports increased by 48%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, articles of zinc exports skyrocketed to $X in 2021. Overall, total exports indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +1.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +52.1% against 2019 indices. The growth pace was the most rapid in 2016 when exports increased by 36%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Singapore (X tons), the United States (X tons) and Thailand (X tons) were the main destinations of articles of zinc exports from Malaysia, with a combined 70% share of total exports. The UK, Japan, Indonesia and Denmark lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +60.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for articles of zinc exported from Malaysia were the United States ($X), Singapore ($X) and the UK ($X), together accounting for 73% of total exports.

The UK, with a CAGR of +71.3%, recorded the highest rates of growth with regard to 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

The average articles of zinc export price stood at $X per ton in 2021, growing by 3.5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.5%. The most prominent rate of growth was recorded in 2018 an increase of 31%. The export price peaked in 2021 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Indonesia ($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 (+9.5%), while the prices for the other major destinations experienced more modest paces of growth.

Articles Of Zinc Imports

Imports into Malaysia

In 2021, supplies from abroad of articles of zinc was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. In general, imports saw a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, articles of zinc imports soared to $X in 2021. Over the period under review, imports recorded strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest articles of zinc supplier to Malaysia, accounting for a 69% share of total imports. Moreover, articles of zinc imports from China exceeded the figures recorded by the second-largest supplier, Singapore (X tons), threefold. The third position in this ranking was taken by Norway (X tons), with a 2.5% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +17.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (-3.8% per year) and Norway (+129.3% per year).

In value terms, China ($X), Singapore ($X) and Norway ($X) were the largest articles of zinc suppliers to Malaysia, together accounting for 89% of total imports.

Norway, with a CAGR of +80.4%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average articles of zinc import price stood at $X per ton in 2021, reducing by -22.8% against the previous year. Over the period under review, the import price, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2020 when the average import price increased by 66% against the previous year. As a result, import price reached the peak level of $X per ton, and then declined remarkably in the following year.

Prices varied noticeably by country of origin: 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 2021, the most notable rate of growth in terms of prices was attained by Singapore (+16.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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