Malaysia: Cellulose Fibrecement Sheet Market 2024

Cellulose Fibrecement Sheet Market Size in Malaysia

The Malaysian cellulose fibrecement sheet market rose rapidly to $X in 2022, growing by 13% against the previous year. Overall, consumption, however, saw a abrupt shrinkage. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Cellulose Fibrecement Sheet Production in Malaysia

In value terms, cellulose fibrecement sheet production dropped to $X in 2022 estimated in export price. In general, production saw a abrupt setback. The most prominent rate of growth was recorded in 2021 when the production volume increased by 21% against the previous year. Cellulose fibrecement sheet production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Cellulose Fibrecement Sheet Exports

Exports from Malaysia

In 2022, cellulose fibrecement sheet exports from Malaysia fell rapidly to X tons, waning by -15.2% compared with the year before. Over the period under review, exports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2021 when exports increased by 44%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, cellulose fibrecement sheet exports declined sharply to $X in 2022. Overall, exports continue to indicate a abrupt downturn. The growth pace was the most rapid in 2021 with an increase of 57% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Taiwan (Chinese) (X tons) was the main destination for cellulose fibrecement sheet exports from Malaysia, with a 52% share of total exports. Moreover, cellulose fibrecement sheet exports to Taiwan (Chinese) exceeded the volume sent to the second major destination, Australia (X tons), fourfold. Vietnam (X tons) ranked third in terms of total exports with an 8.8% share.

From 2012 to 2022, the average annual growth rate of volume to Taiwan (Chinese) stood at +2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (-3.8% per year) and Vietnam (-6.9% per year).

In value terms, Taiwan (Chinese) ($X) remains the key foreign market for sheets, panels and tiles of cellulose fibrecement exports from Malaysia, comprising 44% of total exports. The second position in the ranking was taken by Australia ($X), with a 17% share of total exports. It was followed by South Korea, with an 8.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Taiwan (Chinese) was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (-6.2% per year) and South Korea (-8.7% per year).

Export Prices by Country

In 2022, the average cellulose fibrecement sheet export price amounted to $X per ton, shrinking by -3.4% against the previous year. In general, the export price continues to indicate a mild reduction. The pace of growth was the most pronounced in 2013 an increase of 10%. Over the period under review, the average export prices attained the maximum at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

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 the UK ($X per ton), while the average price for exports to Vietnam ($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 the UK (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.

Cellulose Fibrecement Sheet Imports

Imports into Malaysia

In 2022, after five years of growth, there was significant decline in supplies from abroad of sheets, panels and tiles of cellulose fibrecement, when their volume decreased by -12.1% to X tons. Over the period under review, imports, however, posted a measured expansion. The pace of growth was the most pronounced in 2018 when imports increased by 73%. Over the period under review, imports hit record highs at X tons in 2021, and then reduced in the following year.

In value terms, cellulose fibrecement sheet imports fell to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when imports increased by 69% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021, and then dropped in the following year.

Imports by Country

China (X tons), Thailand (X tons) and Indonesia (X tons) were the main suppliers of cellulose fibrecement sheet imports to Malaysia, with a combined 100% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +14.5%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, China ($X), Thailand ($X) and Indonesia ($X) appeared to be the largest cellulose fibrecement sheet suppliers to Malaysia, together comprising 99% of total imports.

Among the main suppliers, Indonesia, with a CAGR of +13.7%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average cellulose fibrecement sheet import price stood at $X per ton in 2022, with a decrease of -1.7% against the previous year. Over the period under review, the import price saw a pronounced decline. The most prominent rate of growth was recorded in 2013 when the average import price increased by 27%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (-0.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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