Malaysia: Mill Rolling Roll Market 2024

Mill Rolling Roll Market Size in Malaysia

In 2022, the Malaysian mill rolling roll market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. Over the period under review, consumption, however, recorded a abrupt contraction. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Mill Rolling Roll Exports

Exports from Malaysia

In 2022, the amount of rolls for rolling mills exported from Malaysia skyrocketed to X units, rising by 38% against the year before. Overall, exports, however, recorded a drastic downturn. The growth pace was the most rapid in 2015 when exports increased by 188% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, mill rolling roll exports shrank to $X in 2022. Over the period under review, exports, however, saw a deep slump. The most prominent rate of growth was recorded in 2020 with an increase of 111% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

China (X units) was the main destination for mill rolling roll exports from Malaysia, accounting for a 64% share of total exports. Moreover, mill rolling roll exports to China exceeded the volume sent to the second major destination, India (X units), fourfold. The third position in this ranking was taken by Japan (X units), with a 14% share.

From 2012 to 2022, the average annual growth rate of volume to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-17.9% per year) and Japan (+26.5% per year).

In value terms, Japan ($X) remains the key foreign market for rolls for rolling mills exports from Malaysia, comprising 52% of total exports. The second position in the ranking was held by Singapore ($X), with a 24% share of total exports. It was followed by China, with a 14% share.

From 2012 to 2022, the average annual growth rate of value to Japan amounted to +15.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (-1.6% per year) and China (-16.6% per year).

Export Prices by Country

The average mill rolling roll export price stood at $X per unit in 2022, falling by -31.2% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by 151% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per unit), while the average price for exports to China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mauritius (+8,962.7%), while the prices for the other major destinations experienced mixed trend patterns.

Mill Rolling Roll Imports

Imports into Malaysia

In 2022, overseas purchases of rolls for rolling mills were finally on the rise to reach X units after three years of decline. In general, imports, however, continue to indicate a perceptible curtailment. The growth pace was the most rapid in 2018 when imports increased by 81%. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, mill rolling roll imports surged to $X in 2022. Overall, imports, however, showed a abrupt decline. The pace of growth appeared the most rapid in 2018 when imports increased by 67%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of mill rolling roll to Malaysia, accounting for a 78% share of total imports. Moreover, mill rolling roll imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), more than tenfold. Italy (X units) ranked third in terms of total imports with a 6.3% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at -1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-3.0% per year) and Italy (+12.6% per year).

In value terms, China ($X) constituted the largest supplier of rolls for rolling mills to Malaysia, comprising 80% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 4.5% share of total imports. It was followed by South Korea, with a 2.9% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to -1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-10.6% per year) and South Korea (-14.9% per year).

Import Prices by Country

The average mill rolling roll import price stood at $X per unit in 2022, falling by -10.5% against the previous year. Over the period under review, the import price saw a perceptible reduction. The pace of growth was the most pronounced in 2020 an increase of 48%. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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