Malaysia: Cement Clinker Market 2024

Cement Clinker Market Size in Malaysia

The Malaysian cement clinker market shrank modestly to $X in 2022, dropping by -2.4% against the previous year. Over the period under review, consumption, however, continues to indicate a pronounced slump. The pace of growth appeared the most rapid in 2021 when the market value increased by 5% against the previous year. Cement clinker consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Cement Clinker Production in Malaysia

In value terms, cement clinker production declined modestly to $X in 2022 estimated in export price. In general, production continues to indicate a pronounced curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 8.3%. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Cement Clinker Exports

Exports from Malaysia

In 2022, the amount of cement clinker exported from Malaysia fell to X tons, shrinking by -9.8% on the previous year's figure. In general, exports, however, continue to indicate mild growth. The pace of growth was the most pronounced in 2018 when exports increased by 145% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, cement clinker exports fell to $X in 2022. Over the period under review, exports showed a pronounced slump. The most prominent rate of growth was recorded in 2018 with an increase of 83%. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Bangladesh (X tons) was the main destination for cement clinker exports from Malaysia, accounting for a 71% share of total exports. Moreover, cement clinker exports to Bangladesh exceeded the volume sent to the second major destination, Australia (X tons), threefold. Sri Lanka (X tons) ranked third in terms of total exports with a 4.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bangladesh stood at +16.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+28.8% per year) and Sri Lanka (-20.8% per year).

In value terms, Bangladesh ($X) remains the key foreign market for cement clinker exports from Malaysia, comprising 67% of total exports. The second position in the ranking was taken by Australia ($X), with a 22% share of total exports. It was followed by Sri Lanka, with a 4.2% share.

From 2012 to 2022, the average annual growth rate of value to Bangladesh stood at +10.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+12.8% per year) and Sri Lanka (-24.6% per year).

Export Prices by Country

The average cement clinker export price stood at $X per ton in 2022, waning by -3.8% against the previous year. Overall, the export price continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2021 when the average export price increased by 8.9% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 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 Vietnam ($X per ton), while the average price for exports to Indonesia ($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 Bangladesh (-4.7%), while the prices for the other major destinations experienced a decline.

Cement Clinker Imports

Imports into Malaysia

In 2022, after eight years of decline, there was significant growth in supplies from abroad of cement clinker, when their volume increased by 31% to X tons. Over the period under review, imports, however, saw a deep setback. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, cement clinker imports skyrocketed to $X in 2022. In general, imports, however, showed a abrupt shrinkage. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Indonesia (X tons), South Korea (X tons) and China (X tons) were the main suppliers of cement clinker imports to Malaysia, with a combined 64% 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 China (with a CAGR of +9.8%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest cement clinker suppliers to Malaysia were Indonesia ($X), South Korea ($X) and China ($X), with a combined 61% share of total imports.

In terms of the main suppliers, China, with a CAGR of +7.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average cement clinker import price amounted to $X per ton, with an increase of 28% against the previous year. Over the period under review, the import price, however, saw a noticeable downturn. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($X per ton), while the price for Japan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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