Malaysia: Wood Flat Pallet Market 2025

Wood Flat Pallet Market Size in Malaysia

The Malaysian wood flat pallet market rose significantly to $X in 2021, surging by 5.1% against the previous year. Over the period under review, consumption, however, posted a resilient expansion. Wood flat pallet consumption peaked in 2021 and is expected to retain growth in the immediate term.

Wood Flat Pallet Production in Malaysia

In value terms, wood flat pallet production soared to $X in 2021 estimated in export price. Overall, the total production indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +8.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +103.1% against 2015 indices. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Wood Flat Pallet Exports

Exports from Malaysia

In 2021, overseas shipments of flat pallets and pallet collars of wood decreased by -2.4% to X units, falling for the second year in a row after two years of growth. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 17%. The exports peaked at X units in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, wood flat pallet exports soared to $X in 2021. In general, total exports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +6.6% 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

Singapore (X units) was the main destination for wood flat pallet exports from Malaysia, accounting for a 117% share of total exports. Moreover, wood flat pallet exports to Singapore exceeded the volume sent to the second major destination, Vietnam (X units), more than tenfold. The United States (X units) ranked third in terms of total exports with a 3.6% share.

From 2012 to 2021, the average annual growth rate of volume to Singapore amounted to +2.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+59.8% per year) and the United States (+49.4% per year).

In value terms, Singapore ($X) remains the key foreign market for flat pallets and pallet collars of wood exports from Malaysia, comprising 71% of total exports. The second position in the ranking was taken by the United States ($X), with a 10% share of total exports. It was followed by Vietnam, with a 2.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Singapore amounted to +3.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+89.7% per year) and Vietnam (+61.0% per year).

Export Prices by Country

The average wood flat pallet export price stood at $X per unit in 2021, with an increase of 35% against the previous year. In general, export price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +6.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, wood flat pallet export price increased by +71.6% against 2016 indices. As a result, the export price attained 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 the United States ($X per unit), while the average price for exports to Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+27.0%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Flat Pallet Imports

Imports into Malaysia

After six years of growth, overseas purchases of flat pallets and pallet collars of wood decreased by -80.8% to X units in 2021. Overall, imports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2017 when imports increased by 570% against the previous year. Imports peaked at X units in 2020, and then declined notably in the following year.

In value terms, wood flat pallet imports stood at $X in 2021. Over the period under review, imports, however, continue to indicate a resilient increase. The growth pace was the most rapid in 2018 when imports increased by 45%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, China (X units) constituted the largest supplier of wood flat pallet to Malaysia, accounting for a 24% share of total imports. Moreover, wood flat pallet imports from China exceeded the figures recorded by the second-largest supplier, Singapore (X units), twofold. The third position in this ranking was held by South Korea (X units), with a 2.2% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +42.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (-1.3% per year) and South Korea (+4.5% per year).

In value terms, the largest wood flat pallet suppliers to Malaysia were Singapore ($X), China ($X) and Poland ($X), with a combined 83% share of total imports.

Poland, with a CAGR of +64.6%, recorded the highest growth rate of the value of imports, in terms of the main suppliers 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 wood flat pallet import price amounted to $X per unit, growing by 428% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt contraction. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+30.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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