Malaysia: Market for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers 2021

Market Size for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers in Malaysia

The Malaysian market for iron, steel or aluminium reservoirs, tanks, vats and similar containers declined to $X in 2020, reducing by -X% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2009 when the market value increased by X% year-to-year. As a result, consumption reached the peak level of $X. from 2010 to 2020, the growth of the market remained at a lower figure.

Production of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers in Malaysia

In value terms, iron, steel or aluminium reservoir production rose markedly to $X in 2020 estimated in export prices. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% y-o-y. As a result, production reached the peak level of $X. from 2016 to 2020, production growth remained at a somewhat lower figure.

Exports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Exports from Malaysia

In 2020, shipments abroad of iron, steel or aluminium reservoirs, tanks, vats and similar containers decreased by -X% to X tons for the first time since 2017, thus ending a two-year rising trend. Over the period under review, exports recorded a slight decline. The growth pace was the most rapid in 2015 with an increase of X% y-o-y. As a result, exports reached the peak of X tons. from 2016 to 2020, the growth exports failed to regain the momentum.

In value terms, iron, steel or aluminium reservoir exports contracted dramatically to $X in 2020. In general, exports recorded a perceptible decrease. The pace of growth appeared the most rapid in 2015 with an increase of X% y-o-y. As a result, exports reached the peak of $X. from 2016 to 2020, the growth exports failed to regain the momentum.

Exports by Country

Singapore (X tons), Thailand (X tons) and Indonesia (X tons) were the main destinations of iron, steel or aluminium reservoir exports from Malaysia, together comprising X% of total exports. These countries were followed by the U.S., Qatar, China, South Africa, the Philippines, Japan, India and Iraq, which together accounted for a further X 2007 to 2020, the biggest increases were in Qatar, while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for iron, steel or aluminium reservoir exported from Malaysia were Singapore ($X), the U.S. ($X) and Thailand ($X), together accounting for X% of total exports. Indonesia, India, China, Japan, the Philippines, Qatar, South Africa and Iraq lagged somewhat behind, together accounting for a further X terms of the main countries of destination, Qatar recorded 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 export price for iron, steel or aluminium reservoirs, tanks, vats and similar containers stood at $X per ton in 2020, increasing by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 an increase of X% year-to-year. As a result, export price attained the peak level of $X per ton. from 2009 to 2020, the growth in terms of the average export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was India ($X per ton), while the average price for exports to South Africa ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Japan, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Imports into Malaysia

In 2020, the amount of iron, steel or aluminium reservoirs, tanks, vats and similar containers imported into Malaysia contracted notably to X tons, which is down by -X% against the year before. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. from 2019 to 2020, the growth imports failed to regain the momentum.

In value terms, iron, steel or aluminium reservoir imports fell dramatically to $X in 2020. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of $X. from 2019 to 2020, the growth imports remained at a somewhat lower figure.

Imports by Country

In 2020, China (X tons) constituted the largest iron, steel or aluminium reservoir supplier to Malaysia, with a X% share of total imports. Moreover, iron, steel or aluminium reservoir imports from China exceeded the figures recorded by the second-largest supplier, Singapore (X tons), sevenfold. India (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual growth rate of volume from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+X% per year) and India (+X% per year).

In value terms, China ($X) constituted the largest supplier of iron, steel or aluminium reservoir to Malaysia, comprising X% of total imports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total imports. It was followed by the UK, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (-X% per year) and the UK (+X% per year).

Import Prices by Country

The average import price for iron, steel or aluminium reservoirs, tanks, vats and similar containers stood at $X per ton in 2020, picking up by X% against the previous year. Over the period under review, the import price, however, continues to indicate a mild decrease. The import price peaked at $X per ton in 2007; however, from 2008 to 2020, import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was the Netherlands ($X per ton), while the price for Singapore ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the UK, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :