Malaysia: Hard Plastic Comb Market 2024

Hard Plastic Comb Market Size in Malaysia

The Malaysian hard plastic comb market dropped significantly to $X in 2022, which is down by -18% against the previous year. In general, consumption, however, continues to indicate a notable expansion. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Hard Plastic Comb Production in Malaysia

In value terms, hard plastic comb production declined modestly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a notable expansion. The growth pace was the most rapid in 2019 when the production volume increased by 3,297% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Hard Plastic Comb Exports

Exports from Malaysia

Hard plastic comb exports from Malaysia expanded remarkably to X tons in 2022, increasing by 8.2% on the previous year. Over the period under review, exports continue to indicate resilient growth. The pace of growth was the most pronounced in 2019 when exports increased by 693% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, hard plastic comb exports amounted to $X in 2022. In general, exports saw a significant expansion. The pace of growth was the most pronounced in 2019 with an increase of 816% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for hard plastic comb exports from Malaysia, accounting for a 65% share of total exports. Moreover, hard plastic comb exports to the United States exceeded the volume sent to the second major destination, the UK (X tons), sevenfold. China (X tons) ranked third in terms of total exports with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +20.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+35.0% per year) and China (+48.0% per year).

In value terms, the largest markets for hard plastic comb exported from Malaysia were the United States ($X), the UK ($X) and China ($X), with a combined 71% share of total exports. Singapore, Germany and Hong Kong SAR lagged somewhat behind, together comprising a further 12%.

Germany, with a CAGR of +70.4%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average hard plastic comb export price amounted to $X per ton, waning by -3.6% against the previous year. Overall, the export price, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 50% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then dropped in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+9.1%), while the prices for the other major destinations experienced more modest paces of growth.

Hard Plastic Comb Imports

Imports into Malaysia

After two years of growth, purchases abroad of hard rubber or plastic combs decreased by -10.6% to X tons in 2022. Over the period under review, imports, however, enjoyed buoyant growth. The pace of growth appeared the most rapid in 2013 when imports increased by 2,040% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, hard plastic comb imports shrank to $X in 2022. In general, imports, however, enjoyed a prominent increase. The pace of growth appeared the most rapid in 2013 when imports increased by 2,504%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) was the main supplier of hard plastic comb to Malaysia, with a 93% share of total imports. It was followed by the UK (X tons), with a 1.6% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +12.0%.

In value terms, China ($X) constituted the largest supplier of hard rubber or plastic combs to Malaysia, comprising 90% of total imports. The second position in the ranking was held by the UK ($X), with a 1.5% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China amounted to +19.8%.

Import Prices by Country

The average hard plastic comb import price stood at $X per ton in 2022, rising by 2.3% against the previous year. In general, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hard plastic comb import price decreased by -4.8% against 2020 indices. The most prominent rate of growth was recorded in 2019 an increase of 28% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for the UK totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.0%).

Source: IndexBox Platform

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