Malaysia: Market for Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips 2024

Market Size for Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips in Malaysia

In 2022, the Malaysian chain scoops and sliders market was finally on the rise to reach $X after five years of decline. Over the period under review, consumption, however, recorded a abrupt shrinkage. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Exports of Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips

Exports from Malaysia

In 2022, exports of chain scoops, sliders, runners, end pieces and narrow strips from Malaysia expanded significantly to X tons, picking up by 7% on the year before. Overall, exports, however, saw a deep setback. The pace of growth was the most pronounced in 2016 when exports increased by 68% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, chain scoops and sliders exports reached $X in 2022. In general, exports, however, showed a abrupt descent. The most prominent rate of growth was recorded in 2015 when exports increased by 90%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Peru (X tons) was the main destination for chain scoops and sliders exports from Malaysia, with a 62% share of total exports. Moreover, chain scoops and sliders exports to Peru exceeded the volume sent to the second major destination, Argentina (X tons), sixfold. The third position in this ranking was taken by the UK (X tons), with a 3.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Peru totaled +56.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (+5.6% per year) and the UK (0.0% per year).

In value terms, Peru ($X), Sri Lanka ($X) and Canada ($X) appeared to be the largest markets for chain scoops and sliders exported from Malaysia worldwide, together comprising 52% of total exports.

In terms of the main countries of destination, Peru, with a CAGR of +58.3%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average chain scoops and sliders export price stood at $X per ton in 2022, falling by -4.9% against the previous year. In general, the export price recorded a drastic downturn. The pace of growth was the most pronounced in 2017 an increase of 31% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sri Lanka ($X per ton), while the average price for exports to India ($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 South Korea (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips

Imports into Malaysia

In 2022, after five years of decline, there was significant growth in supplies from abroad of chain scoops, sliders, runners, end pieces and narrow strips, when their volume increased by 18% to X tons. Over the period under review, imports, however, saw a abrupt downturn. The pace of growth was the most pronounced in 2016 with an increase of 71%. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, chain scoops and sliders imports skyrocketed to $X in 2022. In general, imports, however, faced a abrupt decrease. The pace of growth was the most pronounced in 2016 with an increase of 82% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Indonesia (X tons) constituted the largest chain scoops and sliders supplier to Malaysia, accounting for a 43% share of total imports. Moreover, chain scoops and sliders imports from Indonesia exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. Japan (X tons) ranked third in terms of total imports with an 8% share.

From 2012 to 2022, the average annual growth rate of volume from Indonesia stood at -18.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-11.9% per year) and Japan (-11.7% per year).

In value terms, the largest chain scoops and sliders suppliers to Malaysia were Indonesia ($X), Singapore ($X) and Taiwan (Chinese) ($X), with a combined 60% share of total imports. Japan, China, the United States and Vietnam lagged somewhat behind, together comprising a further 35%.

The United States, with a CAGR of +0.0%, saw 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 a decline.

Import Prices by Country

The average chain scoops and sliders import price stood at $X per ton in 2022, growing by 3.4% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of 12% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a 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 Singapore ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+1.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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