Malaysia: Market for Ready-Mixed Concrete And Factory Made Mortars 2024

Market Size for Ready-Mixed Concrete And Factory Made Mortars in Malaysia

The Malaysian market for ready-mixed concrete and factory made mortars was estimated at $X in 2022, with an increase of X% against the previous year. Over the period under review, the total consumption indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Ready-Mixed Concrete And Factory Made Mortars in Malaysia

In value terms, production of ready-mixed concrete and factory made mortars totaled $X in 2022 estimated in export price. Overall, the total production indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. Production of peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Ready-Mixed Concrete And Factory Made Mortars

Exports from Malaysia

In 2022, shipments abroad of ready-mixed concrete and factory made mortars increased by X% to X tons, rising for the second year in a row after five years of decline. Over the period under review, exports posted a buoyant increase. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of ready-mixed concrete and factory made mortars skyrocketed to $X in 2022. Overall, exports saw a temperate expansion. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Singapore (X tons) was the main destination for exports of ready-mixed concrete and factory made mortars from Malaysia, accounting for a X% share of total exports. Moreover, exports of ready-mixed concrete and factory made mortars to Singapore exceeded the volume sent to the second major destination, the Philippines (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Singapore totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (X% per year) and Hong Kong SAR (X% per year).

In value terms, Singapore ($X) remains the key foreign market for ready-mixed concrete and factory made mortars exports from Malaysia, comprising X% of total exports. The second position in the ranking was taken by the Philippines ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Singapore stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (X% per year) and Hong Kong SAR (X% per year).

Export Prices by Country

In 2022, the average export price for ready-mixed concrete and factory made mortars amounted to $X per ton, declining by X% against the previous year. Overall, the export price showed a pronounced downturn. The pace of growth was the most pronounced in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while the average price for exports to Singapore ($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 (X%), while the prices for the other major destinations experienced a decline.

Imports of Ready-Mixed Concrete And Factory Made Mortars

Imports into Malaysia

In 2022, after four years of decline, there was growth in supplies from abroad of ready-mixed concrete and factory made mortars, when their volume increased by X% to X tons. Over the period under review, imports, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, imports of ready-mixed concrete and factory made mortars totaled $X in 2022. In general, imports, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

In 2022, Singapore (X tons) constituted the largest ready-mixed concrete and factory made mortar supplier to Malaysia, accounting for a X% share of total imports. Moreover, imports of ready-mixed concrete and factory made mortars from Singapore exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), twofold. Denmark (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Singapore stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Denmark (X% per year).

In value terms, Singapore ($X), the United Arab Emirates ($X) and Belgium ($X) constituted the largest ready-mixed concrete and factory made mortar suppliers to Malaysia, with a combined X% share of total imports.

The United Arab Emirates, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for ready-mixed concrete and factory made mortars stood at $X per ton in 2022, approximately reflecting the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2015 when the average import price increased by X%. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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