Malaysia: Extruded Rod Market 2022

Extruded Rod Market Size in Malaysia

For the third year in a row, the Malaysian extruded rod market recorded decline in sales value, which decreased by -X% to $X in 2021. Over the period under review, consumption recorded a abrupt decline. The growth pace was the most rapid in 2018 when the market value increased by X% against the previous year. Extruded rod consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Extruded Rod Production in Malaysia

In value terms, extruded rod production reached $X in 2021 estimated in export price. In general, production, however, recorded a drastic downturn. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Extruded Rod Exports

Exports from Malaysia

Extruded rod exports from Malaysia soared to X tons in 2021, increasing by X% compared with the previous year. In general, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, extruded rod exports skyrocketed to $X in 2021. Over the period under review, total exports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Taiwan (Chinese) (X tons), South Korea (X tons) and Thailand (X tons) were the main destinations of extruded rod exports from Malaysia, together accounting for X% of total exports.

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

In value terms, Thailand ($X) remains the key foreign market for extruded rod exports from Malaysia, comprising X% of total exports. The second position in the ranking was taken by the Philippines ($X), with a X% share of total exports. It was followed by Taiwan (Chinese), with a X% share.

From 2012 to 2021, the average annual growth rate of value to Thailand amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (+X% per year) and Taiwan (Chinese) (+X% per year).

Export Prices by Country

The average extruded rod export price stood at $X per ton in 2021, falling by -X% against the previous year. In general, the export price recorded a abrupt decline. The most prominent rate of growth was recorded in 2018 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Singapore ($X per ton), while the average price for exports to Taiwan (Chinese) ($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 Singapore (-X%), while the prices for the other major destinations experienced a decline.

Extruded Rod Imports

Imports into Malaysia

In 2021, overseas purchases of extruded rods and profile shapes of cellular vulcanised rubber increased by X% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports showed a notable increase. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, extruded rod imports surged to $X in 2021. Overall, total imports indicated mild growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

Thailand (X tons), China (X tons) and the United States (X tons) were the main suppliers of extruded rod imports to Malaysia, with a combined X% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest extruded rod suppliers to Malaysia were Thailand ($X), the United States ($X) and China ($X), with a combined X% share of total imports.

In terms of the main suppliers, Thailand, with a CAGR of +X%, recorded the highest rates of growth with regard to 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 extruded rod import price amounted to $X per ton, with an increase of X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Japan ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :