Malaysia: Metal Pickling Preparations Market 2024

Metal Pickling Preparations Market Size in Malaysia

In 2021, the Malaysian metal pickling preparations market increased by 14% to $X, rising for the second year in a row after two years of decline. In general, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Metal Pickling Preparations Production in Malaysia

In value terms, metal pickling preparations production surged to $X in 2021 estimated in export price. In general, production, however, recorded a abrupt descent. The growth pace was the most rapid in 2019 with an increase of 83% against the previous year. Metal pickling preparations production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Metal Pickling Preparations Exports

Exports from Malaysia

In 2021, the amount of pickling preparations for metal surfaces exported from Malaysia surged to X tons, rising by 55% compared with the year before. The total export volume increased at an average annual rate of +1.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, metal pickling preparations exports soared to $X in 2021. The total export value increased at an average annual rate of +1.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when exports increased by 46%. Over the period under review, the exports reached the maximum in 2021 and are likely to see gradual growth in the near future.

Exports by Country

Singapore (X tons), the Philippines (X tons) and Thailand (X tons) were the main destinations of metal pickling preparations exports from Malaysia, with a combined 70% share of total exports. Vietnam, Indonesia, Nigeria, China, Qatar and Hong Kong SAR lagged somewhat behind, together comprising a further 21%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Qatar (with a CAGR of +43.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal pickling preparations exported from Malaysia were Vietnam ($X), Singapore ($X) and the Philippines ($X), with a combined 51% share of total exports. These countries were followed by Indonesia, Thailand, China, Qatar, Hong Kong SAR and Nigeria, which together accounted for a further 29%.

In terms of the main countries of destination, Qatar, with a CAGR of +39.5%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average metal pickling preparations export price stood at $X per ton in 2021, falling by -17.9% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 31% against the previous year. As a result, the export price reached the peak level of $X per ton, and then plummeted in the following year.

Prices varied noticeably country of destination: the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Nigeria ($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 Hong Kong SAR (+11.2%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Pickling Preparations Imports

Imports into Malaysia

In 2021, approx. X tons of pickling preparations for metal surfaces were imported into Malaysia; surging by 13% against 2020. Over the period under review, imports, however, showed a slight slump. The pace of growth was the most pronounced in 2014 when imports increased by 54% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, metal pickling preparations imports skyrocketed to $X in 2021. In general, imports, however, recorded a mild downturn. The growth pace was the most rapid in 2014 when imports increased by 47% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Singapore (X tons), China (X tons) and South Korea (X tons) were the main suppliers of metal pickling preparations imports to Malaysia, with a combined 64% share of total imports. These countries were followed by Japan, India, Taiwan (Chinese), the United States, Indonesia, Germany, Thailand, Australia and France, which together accounted for a further 30%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +19.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constituted the largest supplier of pickling preparations for metal surfaces to Malaysia, comprising 42% of total imports. The second position in the ranking was taken by Singapore ($X), with a 21% share of total imports. It was followed by the United States, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Japan stood at -5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+3.3% per year) and the United States (+7.0% per year).

Import Prices by Country

In 2021, the average metal pickling preparations import price amounted to $X per ton, with an increase of 3.5% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 47% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per ton), while the price for Indonesia ($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 (+16.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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