Malaysia: Market for Rubber-to-Metal and Moulded Articles 2024

Market Size for Rubber-to-Metal and Moulded Articles in Malaysia

The Malaysian rubber-to-metal and moulded article market dropped to $X in 2021, reducing by -8.9% against the previous year. Overall, consumption continues to indicate a perceptible downturn. Rubber-to-metal and moulded article consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Rubber-to-Metal and Moulded Articles in Malaysia

In value terms, rubber-to-metal and moulded article production declined to $X in 2021 estimated in export price. Over the period under review, production recorded a slight downturn. The most prominent rate of growth was recorded in 2017 when the production volume increased by 25% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Rubber-to-Metal and Moulded Articles

Exports from Malaysia

In 2021, the amount of rubber-to-metal and moulded articles exported from Malaysia rose significantly to X tons, increasing by 8.7% compared with the previous year. The total export volume increased at an average annual rate of +2.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 51%. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, rubber-to-metal and moulded article exports skyrocketed to $X in 2021. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 24%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons), Japan (X tons) and Singapore (X tons) were the main destinations of rubber-to-metal and moulded article exports from Malaysia, together comprising 50% of total exports. These countries were followed by China, Thailand, Australia, Germany, Indonesia, the Philippines, the UK, Vietnam, India and Taiwan (Chinese), which together accounted for a further 34%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Philippines (with a CAGR of +21.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for rubber-to-metal and moulded article exported from Malaysia were the United States ($X), Japan ($X) and Singapore ($X), together comprising 48% of total exports. These countries were followed by China, Thailand, Australia, Germany, Indonesia, the UK, the Philippines, Vietnam, Taiwan (Chinese) and India, which together accounted for a further 35%.

The Philippines, with a CAGR of +20.1%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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 rubber-to-metal and moulded article export price amounted to $X per ton, rising by 6.7% against the previous year. Over the period under review, the export price, however, recorded a pronounced reduction. The pace of growth appeared the most rapid in 2017 an increase of 11% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, 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 Singapore ($X per ton), while the average price for exports to India ($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 China (+0.0%), while the prices for the other major destinations experienced a decline.

Imports of Rubber-to-Metal and Moulded Articles

Imports into Malaysia

In 2021, supplies from abroad of rubber-to-metal and moulded articles increased by 35% to X tons for the first time since 2017, thus ending a three-year declining trend. In general, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, rubber-to-metal and moulded article imports soared to $X in 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons), Thailand (X tons) and Japan (X tons) were the main suppliers of rubber-to-metal and moulded article imports to Malaysia, together comprising 59% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +6.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and Thailand ($X) appeared to be the largest rubber-to-metal and moulded article suppliers to Malaysia, with a combined 57% share of total imports.

In terms of the main suppliers, China, with a CAGR of +7.0%, saw the highest growth rate of the value of imports, 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 rubber-to-metal and moulded article import price amounted to $X per ton, shrinking by -12.6% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average import price increased by 14%. As a result, import price reached the peak level of $X per ton, and then shrank in the following year.

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 Taiwan (Chinese) (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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