Malaysia: Metal Washer Market 2024

Metal Washer Market Size in Malaysia

The Malaysian metal washer market totaled $X in 2021, surging by 5.8% against the previous year. Overall, the total consumption indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -3.6% against 2019 indices. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Metal Washer Production in Malaysia

In value terms, metal washer production rose remarkably to $X in 2021 estimated in export price. In general, production showed a perceptible expansion. The growth pace was the most rapid in 2019 with an increase of 197%. As a result, production attained the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Metal Washer Exports

Exports from Malaysia

For the third year in a row, Malaysia recorded growth in overseas shipments of iron or steel washers, which increased by 12% to X tons in 2021. Over the period under review, exports, however, recorded a pronounced downturn. The most prominent rate of growth was recorded in 2019 when exports increased by 44%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, metal washer exports expanded notably to $X in 2021. In general, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 48%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for metal washer exports from Malaysia, with a 33% share of total exports. Moreover, metal washer exports to the United States exceeded the volume sent to the second major destination, Poland (X tons), threefold. Thailand (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled -5.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+51.6% per year) and Thailand (+0.5% per year).

In value terms, the largest markets for metal washer exported from Malaysia were the United States ($X), Singapore ($X) and Indonesia ($X), with a combined 54% share of total exports. Thailand, Japan, China, Sweden, Poland, Slovenia, the Philippines, Italy, Russia and Mexico lagged somewhat behind, together comprising a further 37%.

In terms of the main countries of destination, Italy, with a CAGR of +80.9%, recorded the highest rates of growth with regard to 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

In 2021, the average metal washer export price amounted to $X per ton, shrinking by -4.8% against the previous year. In general, export price indicated pronounced growth from 2012 to 2021: its price increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, metal washer export price decreased by -29.7% against 2018 indices. The most prominent rate of growth was recorded in 2014 when the average export price increased by 30% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Poland ($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 Russia (+13.8%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Washer Imports

Imports into Malaysia

In 2021, overseas purchases of iron or steel washers increased by 3.6% to X tons, rising for the second year in a row after three years of decline. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 38%. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, metal washer imports rose significantly to $X in 2021. Over the period under review, total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +29.7% against 2019 indices. The pace of growth appeared the most rapid in 2018 with an increase of 26% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest metal washer supplier to Malaysia, with a 44% share of total imports. Moreover, metal washer imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), twofold. The third position in this ranking was taken by the United States (X tons), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+2.3% per year) and the United States (+2.4% per year).

In value terms, China ($X), Singapore ($X) and Japan ($X) appeared to be the largest metal washer suppliers to Malaysia, together accounting for 55% of total imports.

China, with a CAGR of +10.9%, 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 metal washer import price amounted to $X per ton, surging by 7% against the previous year. Overall, the import price posted a strong increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by 30%. The import price peaked in 2021 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for China ($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 (+14.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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