Malaysia: Expanded Metal Market 2025

Expanded Metal Market Size in Malaysia

The Malaysian expanded metal market contracted to $X in 2022, waning by -13.2% against the previous year. Over the period under review, consumption saw a perceptible setback. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Expanded Metal Production in Malaysia

In value terms, expanded metal production shrank to $X in 2022 estimated in export price. Overall, production saw a pronounced descent. The growth pace was the most rapid in 2021 with an increase of 36% against the previous year. Expanded metal production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Expanded Metal Exports

Exports from Malaysia

In 2022, the amount of iron or steel expanded metal exported from Malaysia reached X tons, picking up by 5% against the year before. Over the period under review, exports showed a strong increase. The pace of growth was the most pronounced in 2017 with an increase of 394% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, expanded metal exports fell to $X in 2022. Overall, exports posted measured growth. The pace of growth appeared the most rapid in 2017 when exports increased by 128% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Singapore (X tons) was the main destination for expanded metal exports from Malaysia, accounting for a 88% share of total exports. Moreover, expanded metal exports to Singapore exceeded the volume sent to the second major destination, Vietnam (X tons), more than tenfold. Indonesia (X tons) ranked third in terms of total exports with a 2.1% share.

From 2012 to 2022, the average annual growth rate of volume to Singapore amounted to +19.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+37.6% per year) and Indonesia (+45.7% per year).

In value terms, Singapore ($X) remains the key foreign market for iron or steel expanded metal exports from Malaysia, comprising 67% of total exports. The second position in the ranking was held by Vietnam ($X), with an 8.1% share of total exports. It was followed by Indonesia, with a 3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Singapore stood at +7.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+38.9% per year) and Indonesia (+23.3% per year).

Export Prices by Country

In 2022, the average expanded metal export price amounted to $X per ton, dropping by -13.6% against the previous year. Overall, the export price continues to indicate a abrupt setback. The pace of growth was the most pronounced in 2016 when the average export price increased by 39%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while the average price for exports to the United Arab Emirates ($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 the Philippines (+20.7%), while the prices for the other major destinations experienced mixed trend patterns.

Expanded Metal Imports

Imports into Malaysia

In 2022, purchases abroad of iron or steel expanded metal decreased by -14.2% to X tons, falling for the second year in a row after three years of growth. In general, imports, however, enjoyed a buoyant expansion. The growth pace was the most rapid in 2014 when imports increased by 218%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, expanded metal imports soared to $X in 2022. Over the period under review, imports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 235% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest expanded metal supplier to Malaysia, with a 59% share of total imports. Moreover, expanded metal imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), threefold. The third position in this ranking was taken by Singapore (X tons), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+28.1% per year) and Singapore (+25.4% per year).

In value terms, China ($X) constituted the largest supplier of iron or steel expanded metal to Malaysia, comprising 77% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 13% share of total imports. It was followed by Singapore, with a 4.6% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +33.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+24.3% per year) and Singapore (+30.5% per year).

Import Prices by Country

In 2022, the average expanded metal import price amounted to $X per ton, increasing by 58% against the previous year. Over the period under review, the import price recorded a resilient expansion. The most prominent rate of growth was recorded in 2021 when the average import price increased by 78%. The import price peaked in 2022 and is expected to retain growth in the near future.

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 China ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+28.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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