Malaysia: Market for Multiple-Walled Insulating Units Of Glass 2024

Market Size for Multiple-Walled Insulating Units Of Glass in Malaysia

The Malaysian multiple-walled insulating glass unit market expanded modestly to $X in 2021, increasing by 2.7% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Production of Multiple-Walled Insulating Units Of Glass in Malaysia

In value terms, multiple-walled insulating glass unit production expanded notably to $X in 2021 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 20% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Exports of Multiple-Walled Insulating Units Of Glass

Exports from Malaysia

In 2021, the amount of multiple-walled insulating units of glass exported from Malaysia soared to X square meters, increasing by 61% against the previous year's figure. Overall, exports posted a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 715% against the previous year. As a result, the exports reached the peak of X square meters. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, multiple-walled insulating glass unit exports soared to $X in 2021. In general, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 527% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Vietnam (X square meters) was the main destination for multiple-walled insulating glass unit exports from Malaysia, with a 60% share of total exports. Moreover, multiple-walled insulating glass unit exports to Vietnam exceeded the volume sent to the second major destination, Singapore (X square meters), threefold. The third position in this ranking was held by Taiwan (Chinese) (X square meters), with an 8.2% share.

From 2012 to 2021, the average annual growth rate of volume to Vietnam stood at +79.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+28.3% per year) and Taiwan (Chinese) (-41.5% per year).

In value terms, Vietnam ($X), Singapore ($X) and Taiwan (Chinese) ($X) constituted the largest markets for multiple-walled insulating glass unit exported from Malaysia worldwide, together comprising 84% of total exports.

Vietnam, with a CAGR of +68.2%, saw the highest growth rate of the value of exports, among 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 multiple-walled insulating glass unit export price amounted to $X per square meter, waning by -8.4% against the previous year. Overall, the export price showed a abrupt decline. The growth pace was the most rapid in 2013 when the average export price increased by 24%. The export price peaked at $X per square meter in 2015; however, from 2016 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 Singapore ($X per square meter), while the average price for exports to Indonesia ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (-1.1%), while the prices for the other major destinations experienced a decline.

Imports of Multiple-Walled Insulating Units Of Glass

Imports into Malaysia

In 2021, approx. X square meters of multiple-walled insulating units of glass were imported into Malaysia; falling by -42.5% compared with the previous year's figure. Overall, imports, however, continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2013 with an increase of 357%. Imports peaked at X square meters in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, multiple-walled insulating glass unit imports dropped sharply to $X in 2021. Over the period under review, imports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2013 when imports increased by 227% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X square meters) was the main multiple-walled insulating glass unit supplier to Malaysia, accounting for a approx. 99% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +15.9%.

In value terms, China ($X) constituted the largest supplier of multiple-walled insulating units of glass to Malaysia.

From 2012 to 2021, the average annual growth rate of value from China totaled +16.7%.

Import Prices by Country

In 2021, the average multiple-walled insulating glass unit import price amounted to $X per square meter, with an increase of 24% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +0.7% per year.

Source: IndexBox Platform

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