Malaysia: Metal-Reinforced Rubber Hose Market 2024

Metal-Reinforced Rubber Hose Market Size in Malaysia

The Malaysian metal-reinforced rubber hose market declined slightly to $X in 2022, waning by -2.5% against the previous year. In general, the total consumption indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +2.6% 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 -11.4% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Metal-Reinforced Rubber Hose Production in Malaysia

In value terms, metal-reinforced rubber hose production fell to $X in 2022 estimated in export price. Overall, the total production indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +12.6% against 2020 indices. The pace of growth appeared the most rapid in 2017 when the production volume increased by 47%. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Metal-Reinforced Rubber Hose Exports

Exports from Malaysia

Metal-reinforced rubber hose exports from Malaysia reduced to X tons in 2022, waning by -11.1% on the previous year. Over the period under review, exports, however, continue to indicate measured growth. The most prominent rate of growth was recorded in 2015 with an increase of 35%. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, metal-reinforced rubber hose exports contracted to $X in 2022. Overall, exports, however, showed temperate growth. The most prominent rate of growth was recorded in 2015 when exports increased by 35%. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for metal-reinforced rubber hose exports from Malaysia, with a 25% share of total exports. Moreover, metal-reinforced rubber hose exports to the United States exceeded the volume sent to the second major destination, Italy (X tons), twofold. The third position in this ranking was taken by China (X tons), with a 9.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to +5.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+26.6% per year) and China (+1.3% per year).

In value terms, the United States ($X) remains the key foreign market for rubber hose reinforced with metal exports from Malaysia, comprising 29% of total exports. The second position in the ranking was taken by Italy ($X), with an 11% share of total exports. It was followed by China, with an 8.9% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +8.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+28.2% per year) and China (+1.8% per year).

Export Prices by Country

The average metal-reinforced rubber hose export price stood at $X per ton in 2022, approximately reflecting the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 4.3% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 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 Thailand ($X per ton), while the average price for exports to Brazil ($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 India (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.

Metal-Reinforced Rubber Hose Imports

Imports into Malaysia

In 2022, metal-reinforced rubber hose imports into Malaysia skyrocketed to X tons, jumping by 19% on the previous year's figure. Over the period under review, imports enjoyed a perceptible increase. The pace of growth appeared the most rapid in 2018 when imports increased by 61%. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, metal-reinforced rubber hose imports skyrocketed to $X in 2022. Overall, imports posted pronounced growth. The most prominent rate of growth was recorded in 2018 when imports increased by 51% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest metal-reinforced rubber hose supplier to Malaysia, with a 41% share of total imports. Moreover, metal-reinforced rubber hose imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold. The third position in this ranking was held by Thailand (X tons), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +26.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+18.3% per year) and Thailand (-6.8% per year).

In value terms, the largest metal-reinforced rubber hose suppliers to Malaysia were Italy ($X), China ($X) and Singapore ($X), with a combined 67% share of total imports. Thailand, South Korea, India, the United States and Indonesia lagged somewhat behind, together comprising a further 28%.

South Korea, with a CAGR of +28.1%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 metal-reinforced rubber hose import price stood at $X per ton in 2022, rising by 13% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average import price increased by 14%. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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