Malaysia: Prefabricated Buildings Market 2024

Prefabricated Buildings Market Size in Malaysia

In 2022, the Malaysian prefabricated buildings market increased by 5.3% to $X, rising for the second year in a row after two years of decline. Over the period under review, the total consumption indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +8.7% against 2020 indices. Prefabricated buildings consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Prefabricated Buildings Production in Malaysia

In value terms, prefabricated buildings production declined modestly to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 28%. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Prefabricated Buildings Exports

Exports from Malaysia

After four years of growth, overseas shipments of prefabricated buildings decreased by -68.2% to X units in 2022. In general, exports saw a noticeable decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 110% against the previous year. Over the period under review, the exports hit record highs at X units in 2021, and then fell notably in the following year.

In value terms, prefabricated buildings exports soared to $X in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when exports increased by 56%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Myanmar (X units) was the main destination for prefabricated buildings exports from Malaysia, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Myanmar stood at +82.2%.

In value terms, Myanmar ($X) emerged as the key foreign market for prefabricated buildings exports from Malaysia.

From 2012 to 2022, the average annual growth rate of value to Myanmar stood at +84.6%.

Export Prices by Country

In 2022, the average prefabricated buildings export price amounted to $X per unit, growing by 282% against the previous year. Overall, the export price continues to indicate perceptible growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Myanmar.

From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to +12.1% per year.

Prefabricated Buildings Imports

Imports into Malaysia

In 2022, prefabricated buildings imports into Malaysia reduced modestly to X units, waning by -4.1% on 2021 figures. In general, imports, however, enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2013 with an increase of 197% against the previous year. Imports peaked at X units in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, prefabricated buildings imports dropped to $X in 2022. Over the period under review, total imports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +30.3% against 2019 indices. The growth pace was the most rapid in 2013 when imports increased by 116%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) was the main supplier of prefabricated buildings to Malaysia, accounting for a 93% share of total imports. Moreover, prefabricated buildings imports from China exceeded the figures recorded by the second-largest supplier, the Philippines (X units), more than tenfold. The third position in this ranking was held by Brunei Darussalam (X units), with a 1.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +16.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Philippines (+45.0% per year) and Brunei Darussalam (+30.2% per year).

In value terms, China ($X) constituted the largest supplier of prefabricated buildings to Malaysia, comprising 93% of total imports. The second position in the ranking was held by the Philippines ($X), with a 3.6% share of total imports. It was followed by Turkey, with a 1.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +15.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Philippines (+21.8% per year) and Turkey (-28.8% per year).

Import Prices by Country

In 2022, the average prefabricated buildings import price amounted to $X per unit, which is down by -8.6% against the previous year. Overall, the import price continues to indicate a pronounced descent. The pace of growth was the most pronounced in 2020 when the average import price increased by 67%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($X per unit), while the price for Brunei Darussalam ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+23.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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