Malaysia: Drawing Board Market 2024

Drawing Board Market Size in Malaysia

The Malaysian drawing board market fell rapidly to $X in 2022, waning by -20.6% against the previous year. Overall, the total consumption indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +34.4% against 2020 indices. Drawing board consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Drawing Board Production in Malaysia

In value terms, drawing board production declined to $X in 2022 estimated in export price. Over the period under review, production saw a abrupt curtailment. The growth pace was the most rapid in 2014 when the production volume increased by 48%. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Drawing Board Exports

Exports from Malaysia

In 2022, overseas shipments of slates and boards with writing or drawing surfaces decreased by -5.5% to X units, falling for the fifth year in a row after four years of growth. Overall, exports faced a abrupt decline. The pace of growth appeared the most rapid in 2015 with an increase of 178% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, drawing board exports shrank modestly to $X in 2022. In general, exports faced a abrupt slump. The growth pace was the most rapid in 2015 when exports increased by 146%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Japan (X units), Singapore (X units) and Egypt (X units) were the main destinations of drawing board exports from Malaysia, together comprising 42% of total exports. Kuwait, Sweden, Fiji, Oman, Papua New Guinea, Yemen, Bahrain, Ethiopia, the Philippines and the United Arab Emirates lagged somewhat behind, together comprising a further 36%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kuwait (with a CAGR of +37.7%), while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Singapore ($X) and Egypt ($X) appeared to be the largest markets for drawing board exported from Malaysia worldwide, with a combined 42% share of total exports. Fiji, Oman, the Philippines, Kuwait, Papua New Guinea, the United Arab Emirates, Ethiopia, Yemen, Bahrain and Sweden lagged somewhat behind, together accounting for a further 32%.

Kuwait, with a CAGR of +27.7%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average drawing board export price stood at $X per unit in 2022, rising by 2.9% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 34%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($X per unit), while the average price for exports to Sweden ($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 Japan (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.

Drawing Board Imports

Imports into Malaysia

After seven years of growth, overseas purchases of slates and boards with writing or drawing surfaces decreased by -5.4% to X units in 2022. Over the period under review, imports, however, saw a prominent expansion. The pace of growth was the most pronounced in 2015 when imports increased by 152%. Over the period under review, imports hit record highs at X units in 2021, and then reduced in the following year.

In value terms, drawing board imports dropped rapidly to $X in 2022. In general, imports, however, showed a strong increase. The growth pace was the most rapid in 2015 with an increase of 167% against the previous year. Imports peaked at $X in 2021, and then reduced dramatically in the following year.

Imports by Country

China (X units), Thailand (X units) and Indonesia (X units) were the main suppliers of drawing board imports to Malaysia, together accounting for 98% of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +9.2%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, China ($X) constituted the largest supplier of slates and boards with writing or drawing surfaces to Malaysia, comprising 96% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 0.6% share of total imports. It was followed by Thailand, with a 0.5% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +13.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (-17.2% per year) and Thailand (0.0% per year).

Import Prices by Country

In 2022, the average drawing board import price amounted to $X per unit, waning by -16.4% against the previous year. Overall, the import price saw a slight descent. The most prominent rate of growth was recorded in 2021 an increase of 53% against the previous year. The import price peaked at $X per unit in 2016; however, from 2017 to 2022, import prices stood at a somewhat 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 Indonesia ($X per unit), while the price for Thailand (less than $X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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