Malaysia: Market for Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground 2024

Market Size for Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground in Malaysia

The Malaysian market for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground rose modestly to $X in 2022, increasing by 3.8% against the previous year. Over the period under review, consumption posted measured growth. Consumption of peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground in Malaysia

In value terms, production of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground rose significantly to $X in 2022 estimated in export price. Overall, production posted buoyant growth. The pace of growth was the most pronounced in 2017 with an increase of 28% against the previous year. Over the period under review, production of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout mass (body tinted), opacified, flashed or merely surface ground attained the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground

Exports from Malaysia

In 2022, shipments abroad of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground was finally on the rise to reach X square meters for the first time since 2016, thus ending a five-year declining trend. Overall, exports, however, continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2016 with an increase of 100% against the previous year. Over the period under review, the exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout mass (body tinted), opacified, flashed or merely surface ground attained the maximum at X square meters in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground rose to $X in 2022. In general, exports, however, saw a abrupt curtailment. The pace of growth was the most pronounced in 2016 when exports increased by 81%. Over the period under review, the exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout mass (body tinted), opacified, flashed or merely surface ground attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

South Korea (X square meters) was the main destination for exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground from Malaysia, accounting for a 34% share of total exports. Moreover, exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground to South Korea exceeded the volume sent to the second major destination, Indonesia (X square meters), fivefold. Peru (X square meters) ranked third in terms of total exports with a 7.4% share.

From 2012 to 2022, the average annual growth rate of volume to South Korea stood at +1.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-0.6% per year) and Peru (-19.9% per year).

In value terms, South Korea ($X) emerged as the key foreign market for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground exports from Malaysia, comprising 30% of total exports. The second position in the ranking was taken by the Philippines ($X), with a 7.5% share of total exports. It was followed by Peru, with a 6.7% share.

From 2012 to 2022, the average annual growth rate of value to South Korea totaled -1.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (+15.9% per year) and Peru (-16.3% per year).

Export Prices by Country

The average export price for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground stood at $X per square meter in 2022, therefore, remained relatively stable against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average export price increased by 56% against the previous year. The export price peaked at $X per square meter 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 the Philippines ($X per square meter), while the average price for exports to Indonesia ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground

Imports into Malaysia

In 2022, the amount of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground imported into Malaysia reduced remarkably to X square meters, which is down by -28.1% compared with 2021. In general, imports recorded a deep contraction. The pace of growth was the most pronounced in 2021 when imports increased by 124% against the previous year. Over the period under review, imports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout mass (body tinted), opacified, flashed or merely surface ground reached the maximum at X square meters in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, imports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground declined to $X in 2022. Overall, imports continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2015 when imports increased by 128% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

Egypt (X square meters), China (X square meters) and Indonesia (X square meters) were the main suppliers of imports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground to Malaysia, together comprising 88% of total imports.

From 2012 to 2022, the biggest increases were recorded for Egypt (with a CAGR of +19.3%), while purchases for the other leaders experienced a decline.

In value terms, China ($X) constituted the largest supplier of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground to Malaysia, comprising 64% of total imports. The second position in the ranking was taken by Egypt ($X), with a 14% share of total imports. It was followed by Indonesia, with a 9.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+8.9% per year) and Indonesia (-23.7% per year).

Import Prices by Country

The average import price for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground stood at $X per square meter in 2022, picking up by 19% against the previous year. Overall, the import price, however, showed a perceptible descent. The pace of growth was the most pronounced in 2020 when the average import price increased by 32% against the previous year. Over the period under review, average import prices hit record highs at $X per square meter in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brunei Darussalam (+6.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform