Malaysia: Magnetic Media Market 2024

Magnetic Media Market Size in Malaysia

The Malaysian magnetic media market was finally on the rise to reach $X in 2021, after three years of decline. Overall, consumption showed resilient growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Magnetic Media Production in Malaysia

In value terms, magnetic media production stood at $X in 2021 estimated in export price. In general, production posted a strong expansion. The pace of growth appeared the most rapid in 2016 when the production volume increased by 72%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Magnetic Media Exports

Exports from Malaysia

After two years of growth, shipments abroad of magnetic media, not recorded, except cards with a magnetic stripe decreased by -19.5% to X units in 2021. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 38% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, magnetic media exports dropped to $X in 2021. The total export value increased at an average annual rate of +2.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2019 with an increase of 24% against the previous year. The exports peaked at $X in 2020, and then declined in the following year.

Exports by Country

Thailand (X units) was the main destination for magnetic media exports from Malaysia, accounting for a 89% share of total exports. Moreover, magnetic media exports to Thailand exceeded the volume sent to the second major destination, Singapore (X units), tenfold. The third position in this ranking was taken by Taiwan (Chinese) (X units), with a 1.2% share.

From 2012 to 2021, the average annual growth rate of volume to Thailand amounted to +7.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (-13.6% per year) and Taiwan (Chinese) (-21.4% per year).

In value terms, Thailand ($X) remains the key foreign market for magnetic media, not recorded, except cards with a magnetic stripe exports from Malaysia, comprising 90% of total exports. The second position in the ranking was held by Singapore ($X), with an 8.7% share of total exports. It was followed by Taiwan (Chinese), with a 0.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Thailand totaled +8.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (-12.8% per year) and Taiwan (Chinese) (-22.5% per year).

Export Prices by Country

The average magnetic media export price stood at $X per unit in 2021, growing by 10% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.6%. The pace of growth was the most pronounced in 2018 an increase of 14% against the previous year. The export price peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($X per unit), while the average price for exports to Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+1.0%), while the prices for the other major destinations experienced mixed trend patterns.

Magnetic Media Imports

Imports into Malaysia

Magnetic media imports into Malaysia fell remarkably to X units in 2021, shrinking by -45.2% against 2020 figures. In general, imports recorded a abrupt setback. The most prominent rate of growth was recorded in 2014 with an increase of 123% against the previous year. Over the period under review, imports hit record highs at X units in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, magnetic media imports reduced sharply to $X in 2021. Overall, imports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2014 when imports increased by 43%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Vietnam (X units), Singapore (X units) and Thailand (X units) were the main suppliers of magnetic media imports to Malaysia, together comprising 74% of total imports. These countries were followed by South Korea, China, Japan, the United States and Taiwan (Chinese), which together accounted for a further 25%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +9.0%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest magnetic media suppliers to Malaysia were Singapore ($X), Thailand ($X) and Vietnam ($X), with a combined 76% share of total imports.

In terms of the main suppliers, Vietnam, with a CAGR of +25.6%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average magnetic media import price stood at $X per unit in 2021, rising by 9.6% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average import price increased by 122%. The import price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+45.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :