Malaysia: Market for Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Not Faced 2024

Market Size for Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Not Faced in Malaysia

The Malaysian market for boards, sheets, panels, tiles and similar articles of plaster not faced amounted to $X in 2021, with an increase of 12% against the previous year. Over the period under review, consumption continues to indicate a prominent expansion. Consumption of peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Not Faced in Malaysia

In value terms, production of boards, sheets, panels, tiles and similar articles of plaster not faced stood at $X in 2021 estimated in export price. In general, production posted a tangible expansion. The most prominent rate of growth was recorded in 2016 when the production volume increased by 75% against the previous year. Over the period under review, production of hit record highs at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Exports of Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Not Faced

Exports from Malaysia

In 2021, approx. X square meters of boards, sheets, panels, tiles and similar articles of plaster not faced were exported from Malaysia; waning by -40.1% compared with the previous year's figure. In general, exports saw a precipitous decline. The pace of growth was the most pronounced in 2020 when exports increased by 8.5% against the previous year. Over the period under review, the exports of attained the peak figure at X square meters in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, exports of boards, sheets, panels, tiles and similar articles of plaster not faced declined significantly to $X in 2021. Over the period under review, exports saw a sharp curtailment. The most prominent rate of growth was recorded in 2013 with an increase of 31%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Singapore (X square meters), Brunei Darussalam (X square meters) and Macao SAR (X square meters) were the main destinations of exports of boards, sheets, panels, tiles and similar articles of plaster not faced from Malaysia, together accounting for 62% of total exports.

From 2012 to 2021, the biggest increases were recorded for Macao SAR (with a CAGR of +9.4%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for board, sheet, panel, tile and similar article of plaster not faced exported from Malaysia were Singapore ($X), Indonesia ($X) and Brunei Darussalam ($X), with a combined 75% share of total exports. Macao SAR, the United States, Taiwan (Chinese) and Myanmar lagged somewhat behind, together comprising a further 21%.

In terms of the main countries of destination, Macao SAR, with a CAGR of +9.8%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average export price for boards, sheets, panels, tiles and similar articles of plaster not faced stood at $X per square meter in 2021, picking up by 32% against the previous year. Over the period under review, export price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +11.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 an increase of 58% against the previous year. The export price peaked in 2021 and is likely to continue growth in the immediate term.

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 Indonesia ($X per square meter), while the average price for exports to Myanmar ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+23.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Not Faced

Imports into Malaysia

In 2021, approx. X square meters of boards, sheets, panels, tiles and similar articles of plaster not faced were imported into Malaysia; which is down by -5.9% against the year before. Over the period under review, imports, however, posted a noticeable expansion. The growth pace was the most rapid in 2015 when imports increased by 133% against the previous year. As a result, imports reached the peak of X square meters. From 2016 to 2021, the growth of imports of remained at a lower figure.

In value terms, imports of boards, sheets, panels, tiles and similar articles of plaster not faced fell modestly to $X in 2021. In general, imports, however, posted a strong increase. The most prominent rate of growth was recorded in 2013 with an increase of 95%. Imports peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Thailand (X square meters) constituted the largest board, sheet, panel, tile and similar article of plaster not faced supplier to Malaysia, accounting for a 73% share of total imports. Moreover, imports of boards, sheets, panels, tiles and similar articles of plaster not faced from Thailand exceeded the figures recorded by the second-largest supplier, China (X square meters), fivefold. The United States (X square meters) ranked third in terms of total imports with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Thailand amounted to +2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+16.7% per year) and the United States (+48.6% per year).

In value terms, China ($X), Thailand ($X) and the United States ($X) constituted the largest board, sheet, panel, tile and similar article of plaster not faced suppliers to Malaysia, with a combined 91% share of total imports.

Among the main suppliers, the United States, with a CAGR of +40.4%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for boards, sheets, panels, tiles and similar articles of plaster not faced amounted to $X per square meter, rising by 5.3% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 92%. As a result, import price attained the peak level of $X per square meter. From 2014 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per square meter), while the price for Thailand ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+2.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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