Malaysia: Pig Iron Articles Market 2025

Pig Iron Articles Market Size in Malaysia

The Malaysian pig iron articles market surged to $X in 2021, jumping by 65% against the previous year. Overall, consumption enjoyed a prominent expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Pig Iron Articles Production in Malaysia

In value terms, pig iron articles production declined to $X in 2021 estimated in export price. In general, production posted a buoyant increase. The pace of growth appeared the most rapid in 2014 with an increase of 31%. Pig iron articles production peaked at $X in 2020, and then reduced in the following year.

Pig Iron Articles Exports

Exports from Malaysia

In 2021, overseas shipments of granules and powders of pig iron were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Overall, exports continue to indicate slight growth. The pace of growth was the most pronounced in 2017 with an increase of 466%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, pig iron articles exports soared to $X in 2021. In general, exports showed notable growth. The most prominent rate of growth was recorded in 2017 with an increase of 809% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

China (X tons), India (X tons) and Hong Kong SAR (X tons) were the main destinations of pig iron articles exports from Malaysia, with a combined 80% share 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 China (with a CAGR of +27.6%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the key foreign market for granules and powders of pig iron exports from Malaysia, comprising 61% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a 15% share of total exports. It was followed by India, with a 6.8% share.

From 2012 to 2021, the average annual growth rate of value to China totaled +28.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+17.6% per year) and India (-14.2% per year).

Export Prices by Country

In 2021, the average pig iron articles export price amounted to $X per ton, declining by -45.2% against the previous year. Overall, the export price, however, recorded a slight increase. The pace of growth was the most pronounced in 2020 an increase of 126% against the previous year. As a result, the export price attained the peak level of $X per ton, and then plummeted in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to India ($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 Vietnam (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.

Pig Iron Articles Imports

Imports into Malaysia

In 2021, approx. X tons of granules and powders of pig iron were imported into Malaysia; increasing by 318% against the previous year. Over the period under review, imports continue to indicate a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, pig iron articles imports surged to $X in 2021. Overall, imports enjoyed prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the Philippines (X tons) constituted the largest supplier of pig iron articles to Malaysia, with a 47% share of total imports. Moreover, pig iron articles imports from the Philippines exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. Thailand (X tons) ranked third in terms of total imports with a 9.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Philippines totaled +147.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+33.2% per year) and Thailand (+16.3% per year).

In value terms, Japan ($X), China ($X) and Singapore ($X) were the largest pig iron articles suppliers to Malaysia, with a combined 64% share of total imports. Thailand, the Philippines, Sweden, Taiwan (Chinese) and South Korea lagged somewhat behind, together comprising a further 26%.

Among the main suppliers, the Philippines, with a CAGR of +94.5%, recorded the highest growth rate of 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

The average pig iron articles import price stood at $X per ton in 2021, reducing by -51% against the previous year. Over the period under review, the import price saw a abrupt contraction. The pace of growth appeared the most rapid in 2015 when the average import price increased by 31%. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (-1.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform