Report Update Nov 1, 2024

Malaysia - Rare Earth Metals - Market Analysis, Forecast, Size, Trends and Insights

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Malaysia: Rare Earth Metal Market 2024

Rare Earth Metal Market Size in Malaysia

The Malaysian rare earth metal market reached $X in 2021, therefore, remained relatively stable against the previous year. Over the period under review, consumption continues to indicate significant growth. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in years to come.

Rare Earth Metal Production in Malaysia

In value terms, rare earth metal production shrank to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of 303% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Rare Earth Metal Exports

Exports from Malaysia

Rare earth metal exports from Malaysia surged to X tons in 2021, jumping by 17% compared with the year before. Overall, exports posted a significant increase. The growth pace was the most rapid in 2017 with an increase of 221% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, rare earth metal exports soared to $X in 2021. Over the period under review, exports saw significant growth. The pace of growth appeared the most rapid in 2017 with an increase of 284%. Over the period under review, the exports reached the maximum in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Thailand (X tons) was the main destination for rare earth metal exports from Malaysia, with a approx. 99.9% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Thailand totaled +23.2%.

In value terms, Thailand ($X) also remains the key foreign market for rare earth metals exports from Malaysia.

From 2012 to 2021, the average annual rate of growth in terms of value to Thailand totaled +34.3%.

Export Prices by Country

The average rare earth metal export price stood at $X per ton in 2021, jumping by 86% against the previous year. Overall, the export price saw prominent 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 Thailand.

From 2012 to 2021, the rate of growth in terms of prices for Thailand amounted to +9.0% per year.

Rare Earth Metal Imports

Imports into Malaysia

In 2021, supplies from abroad of rare earth metals increased by 20% to X tons, rising for the third consecutive year after three years of decline. Overall, imports saw significant growth. The pace of growth was the most pronounced in 2013 when imports increased by 686% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, rare earth metal imports reduced to $X in 2021. In general, imports recorded a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 614% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Australia (X tons) was the main rare earth metal supplier to Malaysia, with a approx. 99.9% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Australia amounted to +37.5%.

In value terms, Australia ($X) constituted the largest supplier of rare earth metals to Malaysia.

From 2012 to 2021, the average annual growth rate of value from Australia totaled +31.7%.

Import Prices by Country

In 2021, the average rare earth metal import price amounted to $X per ton, waning by -18.5% against the previous year. Overall, the import price recorded a pronounced descent. The most prominent rate of growth was recorded in 2018 an increase of 42% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Australia.

From 2012 to 2021, the rate of growth in terms of prices for Australia amounted to -4.2% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for rare earth metals in the world?

China constituted the country with the largest volume of rare earth metal consumption, comprising approx. 49% of total volume. Moreover, rare earth metal consumption in China exceeded the figures recorded by the second-largest consumer, the United States, fourfold. Malaysia ranked third in terms of total consumption with a 12% share.

What are the largest producers of rare earth metals in the world?

The country with the largest volume of rare earth metal production was China, comprising approx. 59% of total volume. Moreover, rare earth metal production in China exceeded the figures recorded by the second-largest producer, the United States, fivefold. Myanmar ranked third in terms of total production with a 12% share.

What are the leading suppliers of rare earth metals to Malaysia?

In value terms, Australia constituted the largest supplier of rare earth metal to Malaysia.

What is the average export price for rare earth metals in Malaysia?

The average rare earth metal export price stood at $34,902 per ton in 2016, leveling off at the previous year.

What is the average import price for rare earth metals in Malaysia?

The average rare earth metal import price stood at $3,572 per ton in 2021, picking up by 20% against the previous year.

This report provides an in-depth analysis of the rare earth metal market in Malaysia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Country coverage:

Malaysia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Malaysia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023