Malaysia: Market for Remelting Scrap Ingots Of Iron Or Steel 2025

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

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