Malaysia: Prisms And Mirrors Market 2025

Prisms And Mirrors Market Size in Malaysia

In 2022, the Malaysian prisms and mirrors market decreased by -6.9% to $X, falling for the fourth consecutive year after three years of growth. Overall, consumption continues to indicate a abrupt curtailment. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Prisms And Mirrors Production in Malaysia

In value terms, prisms and mirrors production skyrocketed to $X in 2022 estimated in export price. In general, production, however, showed a deep setback. Prisms and mirrors production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Prisms And Mirrors Exports

Exports from Malaysia

In 2022, approx. X tons of prisms and mirrors were exported from Malaysia; waning by -9.2% against 2021. Overall, exports saw a slight shrinkage. The pace of growth appeared the most rapid in 2014 with an increase of 246% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, prisms and mirrors exports amounted to $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by 180% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X tons), Singapore (X tons) and China (X tons) were the main destinations of prisms and mirrors exports from Malaysia, with a combined 76% share of total exports. Hong Kong SAR, Japan, Germany, Taiwan (Chinese), Thailand, the UK and Pakistan lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Pakistan (with a CAGR of +33.6%), while the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), China ($X) and the United States ($X) were the largest markets for prisms and mirrors exported from Malaysia worldwide, with a combined 61% share of total exports.

China, with a CAGR of +18.9%, saw the highest rates of growth with regard to the value of exports, in terms of 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 prisms and mirrors export price stood at $X per ton in 2022, surging by 11% against the previous year. In general, export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, prisms and mirrors export price decreased by -6.4% against 2020 indices. The pace of growth appeared the most rapid in 2020 an increase of 33% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices failed to regain momentum.

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 Germany ($X per ton), while the average price for exports to Pakistan ($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 Germany (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.

Prisms And Mirrors Imports

Imports into Malaysia

In 2022, supplies from abroad of prisms and mirrors decreased by -18.4% to X tons, falling for the fourth consecutive year after three years of growth. Over the period under review, imports continue to indicate a abrupt contraction. The growth pace was the most rapid in 2017 when imports increased by 81% against the previous year. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, prisms and mirrors imports shrank modestly to $X in 2022. In general, imports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2017 when imports increased by 29% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest prisms and mirrors supplier to Malaysia, with a 73% share of total imports. Moreover, prisms and mirrors imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), sevenfold. Taiwan (Chinese) (X tons) ranked third in terms of total imports with a 7.7% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -13.6%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+17.6% per year) and Taiwan (Chinese) (-15.0% per year).

In value terms, China ($X) constituted the largest supplier of prisms and mirrors to Malaysia, comprising 50% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 7.5% share of total imports. It was followed by Japan, with a 7.1% share.

From 2012 to 2022, the average annual growth rate of value from China totaled -10.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+4.1% per year) and Japan (-9.3% per year).

Import Prices by Country

The average prisms and mirrors import price stood at $X per ton in 2022, jumping by 17% against the previous year. Overall, the import price posted prominent growth. The growth pace was the most rapid in 2013 an increase of 37% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+42.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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