Malaysia: Market for Rigid Tubes, Pipes and Hoses, of Other Polymers 2024

Market Size for Rigid Tubes, Pipes and Hoses, of Other Polymers in Malaysia

The Malaysian market for rigid tubes, pipes and hoses, of other polymers reduced to $X in 2022, approximately reflecting the previous year. Over the period under review, the total consumption indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +3.1% 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 -9.3% against 2019 indices. Consumption of peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Production of Rigid Tubes, Pipes and Hoses, of Other Polymers in Malaysia

In value terms, production of rigid tubes, pipes and hoses, of other polymers declined modestly to $X in 2022 estimated in export price. In general, production, however, saw notable growth. The pace of growth was the most pronounced in 2019 when the production volume increased by 91% against the previous year. Over the period under review, production of reached the peak level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Exports of Rigid Tubes, Pipes and Hoses, of Other Polymers

Exports from Malaysia

In 2022, exports of rigid tubes, pipes and hoses, of other polymers from Malaysia declined modestly to X tons, waning by -4% on the previous year. Over the period under review, exports showed a abrupt contraction. The most prominent rate of growth was recorded in 2017 with an increase of 252% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of rigid tubes, pipes and hoses, of other polymers dropped to $X in 2022. In general, exports continue to indicate a slight curtailment. The pace of growth appeared the most rapid in 2014 when exports increased by 273%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Myanmar (X tons) was the main destination for exports of rigid tubes, pipes and hoses, of other polymers from Malaysia, accounting for a 48% share of total exports. Moreover, exports of rigid tubes, pipes and hoses, of other polymers to Myanmar exceeded the volume sent to the second major destination, Singapore (X tons), fivefold. The third position in this ranking was taken by Indonesia (X tons), with a 7.8% share.

From 2012 to 2022, the average annual growth rate of volume to Myanmar totaled +9.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (-20.4% per year) and Indonesia (+9.2% per year).

In value terms, the largest markets for rigid tubes, pipes and hoses, of other polymers exported from Malaysia were Indonesia ($X), Singapore ($X) and Thailand ($X), with a combined 56% share of total exports. The UK, Myanmar, Australia, China and the United Arab Emirates lagged somewhat behind, together comprising a further 25%.

In terms of the main countries of destination, the UK, with a CAGR of +98.1%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for rigid tubes, pipes and hoses, of other polymers amounted to $X per ton, dropping by -8.9% against the previous year. Over the period under review, export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for rigid tubes, pipes and hoses, of other polymers increased by +33.7% against 2018 indices. The pace of growth was the most pronounced in 2014 when the average export price increased by 61% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2021, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to Myanmar ($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 (+16.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rigid Tubes, Pipes and Hoses, of Other Polymers

Imports into Malaysia

In 2022, imports of rigid tubes, pipes and hoses, of other polymers into Malaysia contracted to X tons, with a decrease of -8% on the previous year. Overall, imports continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2017 with an increase of 41% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of rigid tubes, pipes and hoses, of other polymers amounted to $X in 2022. Over the period under review, imports showed a pronounced downturn. The pace of growth appeared the most rapid in 2019 with an increase of 59%. Over the period under review, imports of hit record highs at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons), Taiwan (Chinese) (X tons) and the United Arab Emirates (X tons) were the main suppliers of imports of rigid tubes, pipes and hoses, of other polymers to Malaysia, with a combined 57% share of total imports. Japan, the United States, Singapore, Germany, Indonesia, Thailand, Hong Kong SAR, South Korea and India lagged somewhat behind, together comprising a further 37%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +63.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest rigid tubes, pipes and hoses, of other polymers suppliers to Malaysia were Japan ($X), China ($X) and Germany ($X), with a combined 46% share of total imports. Taiwan (Chinese), the United States, Singapore, Hong Kong SAR, the United Arab Emirates, Thailand, South Korea, Indonesia and India lagged somewhat behind, together comprising a further 46%.

Among the main suppliers, Hong Kong SAR, with a CAGR of +58.3%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for rigid tubes, pipes and hoses, of other polymers amounted to $X per ton, rising by 9.3% against the previous year. Over the period under review, import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for rigid tubes, pipes and hoses, of other polymers decreased by -10.0% against 2020 indices. The pace of growth appeared the most rapid in 2019 when the average import price increased by 32% against the previous year. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

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 Germany ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+22.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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