Malaysia: Metal Non-Electric Bell Market 2024

Metal Non-Electric Bell Market Size in Malaysia

In 2021, after two years of decline, there was significant growth in the Malaysian metal non-electric bell market, when its value increased by 18% to $X. The market value increased at an average annual rate of +5.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Metal non-electric bell consumption peaked in 2021 and is likely to see gradual growth in years to come.

Metal Non-Electric Bell Production in Malaysia

In value terms, metal non-electric bell production skyrocketed to $X in 2021 estimated in export price. In general, production, however, saw a abrupt shrinkage. The growth pace was the most rapid in 2014 when the production volume increased by 42% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Metal Non-Electric Bell Exports

Exports from Malaysia

In 2021, after two years of decline, there was significant growth in overseas shipments of non-electric bells and gongs of base metal, when their volume increased by 57% to X tons. Overall, exports, however, saw a dramatic contraction. The most prominent rate of growth was recorded in 2018 with an increase of 398%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, metal non-electric bell exports soared to $X in 2021. In general, exports, however, showed a dramatic curtailment. The pace of growth appeared the most rapid in 2018 when exports increased by 536%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Singapore (X tons) was the main destination for metal non-electric bell exports from Malaysia, accounting for a 93% share of total exports. It was followed by Australia (X kg), with a 2.3% share of total exports. The third position in this ranking was held by the Netherlands (X kg), with a 1.3% share.

From 2012 to 2021, the average annual growth rate of volume to Singapore totaled +23.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+17.6% per year) and the Netherlands (-48.5% per year).

In value terms, Singapore ($X) remains the key foreign market for non-electric bells and gongs of base metal exports from Malaysia, comprising 93% of total exports. The second position in the ranking was taken by Australia ($X), with a 2.3% share of total exports. It was followed by the Netherlands, with a 1.9% share.

From 2012 to 2021, the average annual growth rate of value to Singapore stood at +36.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+13.2% per year) and the Netherlands (-35.3% per year).

Export Prices by Country

In 2021, the average metal non-electric bell export price amounted to $X per ton, jumping by 16% against the previous year. In general, export price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +7.9% 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 non-electric bell export price increased by +86.6% against 2017 indices. The most prominent rate of growth was recorded in 2013 an increase of 54% against the previous year. The export price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to Brunei Darussalam ($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 Indonesia (+26.5%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Non-Electric Bell Imports

Imports into Malaysia

In 2021, approx. X tons of non-electric bells and gongs of base metal were imported into Malaysia; increasing by 25% on the year before. Overall, imports, however, recorded a perceptible shrinkage. The pace of growth was the most pronounced in 2015 with an increase of 46%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, metal non-electric bell imports contracted notably to $X in 2021. Over the period under review, imports, however, saw a deep setback. The most prominent rate of growth was recorded in 2018 when imports increased by 89% against the previous year. Imports peaked at $X in 2020, and then contracted markedly in the following year.

Imports by Country

In 2021, China (X tons) constituted the largest metal non-electric bell supplier to Malaysia, accounting for a 90% share of total imports. Moreover, metal non-electric bell imports from China exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), more than tenfold. The third position in this ranking was taken by Singapore (X tons), with a 1.8% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to -1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+0.8% per year) and Singapore (+3.7% per year).

In value terms, China ($X) constituted the largest supplier of non-electric bells and gongs of base metal to Malaysia, comprising 95% of total imports. The second position in the ranking was held by Indonesia ($X), with a 1.9% share of total imports. It was followed by Singapore, with a 1.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled -1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (-6.6% per year) and Singapore (-12.2% per year).

Import Prices by Country

In 2021, the average metal non-electric bell import price amounted to $X per ton, shrinking by -66.2% against the previous year. In general, the import price showed a pronounced curtailment. The most prominent rate of growth was recorded in 2014 an increase of 68% against the previous year. The import price peaked at $X per ton in 2020, and then declined sharply in the following year.

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 India ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+25.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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