Report Update Nov 1, 2024

Malaysia - Remelting Scrap Ingots of Iron or Steel - Market Analysis, Forecast, Size, Trends and Insights

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Malaysia: Market for Remelting Scrap Ingots Of Iron Or Steel 2024

Market Size for Remelting Scrap Ingots Of Iron Or Steel in Malaysia

The Malaysian metal remelting scrap ingots market declined to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption showed a noticeable shrinkage. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Remelting Scrap Ingots Of Iron Or Steel in Malaysia

In value terms, metal remelting scrap ingots production fell to $X in 2022 estimated in export price. In general, production recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Exports of Remelting Scrap Ingots Of Iron Or Steel

Exports from Malaysia

In 2022, the amount of remelting scrap ingots of iron or steel exported from Malaysia was estimated at X kg, standing approx. at the previous year. Overall, exports recorded a dramatic slump. The smallest decline of X% was in 2021. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal remelting scrap ingots exports stood at $X in 2022. Over the period under review, exports saw a dramatic contraction. The smallest decline of X% was in 2021. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Taiwan (Chinese) (X kg) was the main destination for metal remelting scrap ingots exports from Malaysia, with a X% share of total exports. Moreover, metal remelting scrap ingots exports to Taiwan (Chinese) exceeded the volume sent to the second major destination, India (X kg), fivefold.

From 2017 to 2022, the average annual rate of growth in terms of volume to Taiwan (Chinese) amounted to X%.

In value terms, Taiwan (Chinese) ($X) and India ($X) were the largest markets for metal remelting scrap ingots exported from Malaysia worldwide.

Taiwan (Chinese), with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

The average metal remelting scrap ingots export price stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. In general, the export price saw perceptible growth. The most prominent rate of growth was recorded in 2021 when the average export price decreased by X% against the previous year. The export price peaked at $X per ton in 2020; afterwards, it flattened through to 2022.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Taiwan (Chinese) amounted to $X per ton.

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (X%).

Imports of Remelting Scrap Ingots Of Iron Or Steel

Imports into Malaysia

In 2022, supplies from abroad of remelting scrap ingots of iron or steel decreased by X% to X tons, falling for the third consecutive year after five years of growth. Over the period under review, imports saw a significant contraction. The growth pace was the most rapid in 2019 when imports increased by X%. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, metal remelting scrap ingots imports dropped to $X in 2022. In general, imports faced a abrupt decline. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Singapore (X tons) was the main metal remelting scrap ingots supplier to Malaysia, with a approx. X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Singapore stood at X%.

In value terms, Singapore ($X) constituted the largest supplier of remelting scrap ingots of iron or steel to Malaysia.

From 2012 to 2022, the average annual rate of growth in terms of value from Singapore stood at X%.

Import Prices by Country

The average metal remelting scrap ingots import price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the import price recorded a strong expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for Singapore amounted to X% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for remelting scrap ingots of iron or steel in the world?

The countries with the highest volumes of metal remelting scrap ingots consumption in 2020 were Turkey, China and India, together accounting for 45% of global consumption. These countries were followed by the United States, Japan, Russia, Indonesia, Brazil, Mexico, Italy, the UK and Nigeria, which together accounted for a further 23%.

What are the largest producers of remelting scrap ingots of iron or steel in the world?

The countries with the highest volumes of metal remelting scrap ingots production in 2020 were Turkey, China and India, together accounting for 44% of global production. The United States, Japan, Russia, Indonesia, Brazil, Palestine, Mexico, the UK, Italy and Nigeria lagged somewhat behind, together accounting for a further 24%.

What are the leading suppliers of remelting scrap ingots of iron or steel to Malaysia?

In value terms, Hong Kong SAR constituted the largest supplier of metal remelting scrap ingots to Malaysia, comprising 75% of total imports. The second position in the ranking was occupied by the United States, with a 25% share of total imports.

What is the average export price for remelting scrap ingots of iron or steel in Malaysia?

In 2020, the average metal remelting scrap ingots export price amounted to $1,564 per ton, surging by 411% against the previous year.

What is the average import price for remelting scrap ingots of iron or steel in Malaysia?

In 2020, the average metal remelting scrap ingots import price amounted to $275 per ton, waning by -68.1% against the previous year.

This report provides an in-depth analysis of the market for metal remelting scrap ingots 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:

Prodcom 24101420 - Remelting scrap ingots of iron or steel (excluding products whose chemical composition conforms to the definitions of pig iron, spiegeleisen, or ferro-alloys)

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