Malaysia: Hot-Dipped Metal-Coated Sheet Market 2024

Hot-Dipped Metal-Coated Sheet Market Size in Malaysia

In 2021, after two years of decline, there was significant growth in the Malaysian hot-dipped metal-coated sheet market, when its value increased by 42% to $X. Overall, the total consumption indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Hot-dipped metal-coated sheet consumption peaked in 2021 and is expected to retain growth in the immediate term.

Hot-Dipped Metal-Coated Sheet Exports

Exports from Malaysia

In 2021, after three years of decline, there was significant growth in shipments abroad of hot-dipped metal-coated sheet, when their volume increased by 104% to X tons. In general, exports showed a relatively flat trend pattern. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, hot-dipped metal-coated sheet exports skyrocketed to $X in 2021. Over the period under review, exports enjoyed a modest expansion. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Singapore (X tons), Bangladesh (X tons) and China (X tons) were the main destinations of hot-dipped metal-coated sheet exports from Malaysia, with a combined 65% share of total exports. These countries were followed by Indonesia, South Africa, Germany, India, Thailand and Australia, which together accounted for a further 27%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +40.1%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), Singapore ($X) and Bangladesh ($X) were the largest markets for hot-dipped metal-coated sheet exported from Malaysia worldwide, with a combined 71% share of total exports. Indonesia, Germany, South Africa, India, Thailand and Australia lagged somewhat behind, together accounting for a further 22%.

Among the main countries of destination, Germany, with a CAGR of +46.0%, saw the highest growth rate of 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 hot-dipped metal-coated sheet export price stood at $X per ton in 2021, flattening at the previous year. Over the period under review, export price indicated mild growth from 2012 to 2021: its price increased at an average annual rate of +1.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, hot-dipped metal-coated sheet export price increased by +69.0% against 2016 indices. The most prominent rate of growth was recorded in 2020 an increase of 34% against the previous year. As a result, the export price reached the peak level of $X per ton, and then reduced modestly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, 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 China (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.

Hot-Dipped Metal-Coated Sheet Imports

Imports into Malaysia

In 2021, overseas purchases of hot-dipped metal-coated sheet increased by 14% to X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +2.2% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when imports increased by 24% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, hot-dipped metal-coated sheet imports surged to $X in 2021. Overall, total imports indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Vietnam (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of hot-dipped metal-coated sheet imports to Malaysia, with a combined 67% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +24.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Vietnam ($X) and Taiwan (Chinese) ($X) constituted the largest hot-dipped metal-coated sheet suppliers to Malaysia, together comprising 68% of total imports.

Vietnam, with a CAGR of +24.4%, 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 hot-dipped metal-coated sheet import price amounted to $X per ton, jumping by 35% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.1%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were Vietnam ($X per ton) and Taiwan (Chinese) ($X per ton), while the price for South Korea ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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