Malaysia: Market for Flexible Tubes, Pipes and Hoses of Plastics, with a Burst Pressure ≥ 27,6 MPa 2024

Market Size for Flexible Tubes, Pipes and Hoses of Plastics, with a Burst Pressure ≥ 27,6 MPa in Malaysia

In 2021, the Malaysian market for flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa decreased by -27.7% to $X, falling for the second year in a row after two years of growth. In general, consumption, however, continues to indicate a remarkable increase. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of Flexible Tubes, Pipes and Hoses of Plastics, with a Burst Pressure ≥ X MPa in Malaysia

In value terms, production of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa declined modestly to $X in 2021 estimated in export price. In general, production saw a resilient expansion. The growth pace was the most rapid in 2018 when the production volume increased by 87% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production of growth failed to regain momentum.

Exports of Flexible Tubes, Pipes and Hoses of Plastics, with a Burst Pressure ≥ 27,6 MPa

Exports from Malaysia

Exports of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa from Malaysia skyrocketed to X tons in 2021, jumping by 143% compared with 2020. Over the period under review, exports posted notable growth. Over the period under review, the exports of reached the peak figure at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, exports of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa soared to $X in 2021. Overall, exports enjoyed buoyant growth. The pace of growth appeared the most rapid in 2018 when exports increased by 180% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Australia (X tons) was the main destination for exports of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa from Malaysia, with a 63% share of total exports. Moreover, exports of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa to Australia exceeded the volume sent to the second major destination, Singapore (X tons), fivefold. The third position in this ranking was held by Vietnam (X tons), with a 7.9% share.

From 2012 to 2021, the average annual growth rate of volume to Australia amounted to +27.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (-11.5% per year) and Vietnam (+40.1% per year).

In value terms, the largest markets for flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa exported from Malaysia were Australia ($X), Singapore ($X) and Vietnam ($X), together accounting for 88% of total exports.

In terms of the main countries of destination, Vietnam, with a CAGR of +64.0%, saw 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 export price for flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa stood at $X per ton in 2021, shrinking by -11.7% against the previous year. Overall, the export price, however, recorded a strong increase. The most prominent rate of growth was recorded in 2019 an increase of 85% against the previous year. The export price peaked at $X per ton in 2020, and then contracted in the following year.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Ghana ($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 (+21.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flexible Tubes, Pipes and Hoses of Plastics, with a Burst Pressure ≥ 27,6 MPa

Imports into Malaysia

In 2021, approx. X tons of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa were imported into Malaysia; which is down by -38.3% against the year before. In general, imports continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2020 with an increase of 80% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, imports of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa shrank markedly to $X in 2021. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 76% against the previous year. Over the period under review, imports of reached the peak figure at $X in 2020, and then reduced markedly in the following year.

Imports by Country

In 2021, China (X tons) constituted the largest flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa supplier to Malaysia, with a 52% share of total imports. Moreover, imports of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), fivefold. The third position in this ranking was taken by the United States (X tons), with a 7.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -12.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+2.2% per year) and the United States (+2.2% per year).

In value terms, the largest flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa suppliers to Malaysia were China ($X), the United States ($X) and the UK ($X), together comprising 52% of total imports.

The UK, with a CAGR of +38.2%, 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 import price for flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa amounted to $X per ton, surging by 5.1% against the previous year. Over the period under review, the import price posted prominent growth. The most prominent rate of growth was recorded in 2018 when the average import price increased by 44%. The import price peaked at $X per ton in 2019; however, from 2020 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, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+32.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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