Malaysia: Market for Iron Or Steel Anchors, Grapnels 2024

Market Size for Iron Or Steel Anchors, Grapnels in Malaysia

In 2022, the Malaysian metal anchors and grapnels market increased by 10% to $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption, however, continues to indicate a mild decrease. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Production of Iron Or Steel Anchors, Grapnels in Malaysia

In value terms, metal anchors and grapnels production totaled $X in 2022 estimated in export price. In general, the total production indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.7% against 2020 indices. The growth pace was the most rapid in 2019 with an increase of 69% against the previous year. Metal anchors and grapnels production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Exports of Iron Or Steel Anchors, Grapnels

Exports from Malaysia

In 2022, the amount of iron or steel anchors, grapnels exported from Malaysia contracted rapidly to X units, with a decrease of -33.9% on the previous year. Overall, exports saw a perceptible setback. The pace of growth appeared the most rapid in 2021 when exports increased by 170% against the previous year. Over the period under review, the exports reached the maximum at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal anchors and grapnels exports dropped sharply to $X in 2022. Over the period under review, exports continue to indicate a perceptible reduction. The growth pace was the most rapid in 2021 when exports increased by 162% against the previous year. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Singapore (X units) was the main destination for metal anchors and grapnels exports from Malaysia, with a 61% share of total exports. Moreover, metal anchors and grapnels exports to Singapore exceeded the volume sent to the second major destination, Norway (X units), sixfold. The third position in this ranking was held by China (X units), with a 5.7% share.

From 2012 to 2022, the average annual growth rate of volume to Singapore was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+45.2% per year) and China (+29.7% per year).

In value terms, Singapore ($X) remains the key foreign market for iron or steel anchors, grapnels exports from Malaysia, comprising 60% of total exports. The second position in the ranking was taken by Papua New Guinea ($X), with a 3.7% share of total exports. It was followed by China, with a 2.4% share.

From 2012 to 2022, the average annual growth rate of value to Singapore stood at +1.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Papua New Guinea (+10.8% per year) and China (+5.9% per year).

Export Prices by Country

In 2022, the average metal anchors and grapnels export price amounted to $X per unit, surging by 4.5% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 53% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the average 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 Singapore ($X per unit), while the average price for exports to Norway ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+2.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron Or Steel Anchors, Grapnels

Imports into Malaysia

In 2022, overseas purchases of iron or steel anchors, grapnels increased by 35% to X units for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, continue to indicate a deep slump. The most prominent rate of growth was recorded in 2017 when imports increased by 169% against the previous year. As a result, imports attained the peak of X units. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, metal anchors and grapnels imports surged to $X in 2022. Overall, imports, however, continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2017 with an increase of 295% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

Thailand (X units), China (X units) and Singapore (X units) were the main suppliers of metal anchors and grapnels imports to Malaysia, together comprising 82% of total imports.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +47.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X) constituted the largest supplier of iron or steel anchors, grapnels to Malaysia, comprising 56% of total imports. The second position in the ranking was held by China ($X), with a 16% share of total imports. It was followed by Singapore, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Thailand totaled +56.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-14.9% per year) and Singapore (-18.6% per year).

Import Prices by Country

In 2022, the average metal anchors and grapnels import price amounted to $X per unit, stabilizing at the previous year. Overall, the import price showed a slight reduction. The most prominent rate of growth was recorded in 2014 an increase of 64%. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+16.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :