Malaysia: Market for Other Plastic Tubes, Pipes and Hoses 2024

Market Size for Other Plastic Tubes, Pipes and Hoses in Malaysia

The Malaysian market for other plastic tubes, pipes and hoses shrank to $X in 2022, waning by -5.6% against the previous year. The market value increased at an average annual rate of +3.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2021, and then reduced in the following year.

Production of Other Plastic Tubes, Pipes and Hoses in Malaysia

In value terms, production of other plastic tubes, pipes and hoses shrank modestly to $X in 2022 estimated in export price. Overall, the total production indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +1.7% against 2020 indices. The pace of growth was the most pronounced in 2016 with an increase of 32% against the previous year. Production of peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Other Plastic Tubes, Pipes and Hoses

Exports from Malaysia

In 2022, after two years of decline, there was growth in overseas shipments of other plastic tubes, pipes and hoses, when their volume increased by 2.4% to X tons. Over the period under review, total exports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when exports increased by 74% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, exports of other plastic tubes, pipes and hoses contracted slightly to $X in 2022. In general, total exports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +7.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +2.7% against 2020 indices. The pace of growth appeared the most rapid in 2013 with an increase of 64%. Over the period under review, the exports of hit record highs at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Australia (X tons), Singapore (X tons) and South Korea (X tons) were the main destinations of exports of other plastic tubes, pipes and hoses from Malaysia, with a combined 87% share of total exports. New Zealand lagged somewhat behind, comprising a further 3.6%.

From 2012 to 2022, the biggest increases were recorded for New Zealand (with a CAGR of +55.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for other plastic tubes, pipes and hoses exported from Malaysia were Australia ($X), South Korea ($X) and Singapore ($X), together comprising 78% of total exports. New Zealand lagged somewhat behind, comprising a further 3.7%.

New Zealand, with a CAGR of +56.3%, recorded the highest rates of growth with regard to 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

The average export price for other plastic tubes, pipes and hoses stood at $X per ton in 2022, falling by -4.8% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 6.9% against the previous year. The export price peaked at $X per ton in 2021, and then dropped modestly in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Singapore ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Other Plastic Tubes, Pipes and Hoses

Imports into Malaysia

Imports of other plastic tubes, pipes and hoses into Malaysia fell remarkably to X tons in 2022, which is down by -19.7% on the previous year's figure. In general, imports, however, saw a resilient increase. The pace of growth was the most pronounced in 2014 with an increase of 140% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of other plastic tubes, pipes and hoses declined sharply to $X in 2022. Over the period under review, imports, however, showed resilient growth. The growth pace was the most rapid in 2014 when imports increased by 149%. Imports peaked at $X in 2021, and then shrank markedly in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of other plastic tubes, pipes and hoses to Malaysia, with a 75% share of total imports. Moreover, imports of other plastic tubes, pipes and hoses from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), more than tenfold. The third position in this ranking was held by South Korea (X tons), with a 4.1% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +8.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+19.7% per year) and South Korea (+8.2% per year).

In value terms, China ($X) constituted the largest supplier of other plastic tubes, pipes and hoses to Malaysia, comprising 52% of total imports. The second position in the ranking was taken by the United States ($X), with a 21% share of total imports. It was followed by Japan, with an 8.9% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +13.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+27.9% per year) and Japan (+4.3% per year).

Import Prices by Country

The average import price for other plastic tubes, pipes and hoses stood at $X per ton in 2022, declining by -6.5% against the previous year. In general, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for other plastic tubes, pipes and hoses increased by +95.6% against 2016 indices. The growth pace was the most rapid in 2019 when the average import price increased by 33%. Over the period under review, average import prices attained the peak figure at $X per ton in 2021, and then contracted in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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