Malaysia: Market for Clays For Construction and Industrial Use 2024

Market Size for Clays For Construction and Industrial Use in Malaysia

In 2022, after three years of decline, there was significant growth in the Malaysian market for clays for construction and industrial use, when its value increased by 23% to $X. Over the period under review, consumption, however, continues to indicate a mild contraction. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Clays For Construction and Industrial Use in Malaysia

In value terms, production of clays for construction and industrial use contracted to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2015 with an increase of 34%. As a result, production attained the peak level of $X. From 2016 to 2022, production of growth remained at a somewhat lower figure.

Exports of Clays For Construction and Industrial Use

Exports from Malaysia

In 2022, shipments abroad of clays for construction and industrial use decreased by -57% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports continue to indicate a slight reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 270% against the previous year. As a result, the exports attained the peak of X tons, and then fell notably in the following year.

In value terms, exports of clays for construction and industrial use reduced remarkably to $X in 2022. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 209% against the previous year. Over the period under review, the exports of reached the peak figure at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

South Korea (X tons) was the main destination for exports of clays for construction and industrial use from Malaysia, accounting for a 89% share of total exports. Moreover, exports of clays for construction and industrial use to South Korea exceeded the volume sent to the second major destination, Singapore (X tons), more than tenfold. Myanmar (X tons) ranked third in terms of total exports with a 3.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to South Korea amounted to +319.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+91.4% per year) and Myanmar (+49.7% per year).

In value terms, the largest markets for clays for construction and industrial use exported from Malaysia were South Korea ($X), Singapore ($X) and Myanmar ($X), with a combined 95% share of total exports.

In terms of the main countries of destination, South Korea, with a CAGR of +290.0%, recorded the highest growth rate of 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 export price for clays for construction and industrial use stood at $X per ton in 2022, rising by 54% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to Myanmar ($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 Indonesia (+33.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Clays For Construction and Industrial Use

Imports into Malaysia

In 2022, approx. X tons of clays for construction and industrial use were imported into Malaysia; falling by -7.1% on 2021 figures. In general, imports saw a abrupt slump. The most prominent rate of growth was recorded in 2016 when imports increased by 172% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of clays for construction and industrial use fell to $X in 2022. Over the period under review, imports recorded a pronounced shrinkage. The pace of growth was the most pronounced in 2016 when imports increased by 73% against the previous year. Over the period under review, imports of attained the maximum at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, India (X tons) constituted the largest supplier of clays for construction and industrial use to Malaysia, accounting for a 72% share of total imports. Moreover, imports of clays for construction and industrial use from India exceeded the figures recorded by the second-largest supplier, China (X tons), ninefold. The United States (X tons) ranked third in terms of total imports with a 3.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India stood at +16.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-24.6% per year) and the United States (-4.9% per year).

In value terms, India ($X) constituted the largest supplier of clays for construction and industrial use to Malaysia, comprising 41% of total imports. The second position in the ranking was taken by China ($X), with a 15% share of total imports. It was followed by the United States, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from India stood at +18.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-14.0% per year) and the United States (-2.6% per year).

Import Prices by Country

The average import price for clays for construction and industrial use stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Over the period under review, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for clays for construction and industrial use decreased by -11.2% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by 43%. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+14.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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