Malaysia: Stranded Wire Market 2025

Stranded Wire Market Size in Malaysia

In 2021, the Malaysian stranded wire market increased by 11% to $X, rising for the third year in a row after five years of decline. In general, consumption continues to indicate a pronounced slump. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Stranded Wire Production in Malaysia

In value terms, stranded wire production rose slightly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a noticeable shrinkage. The growth pace was the most rapid in 2019 with an increase of 33% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Stranded Wire Exports

Exports from Malaysia

In 2021, approx. X tons of stranded wire, ropes and cables were exported from Malaysia; jumping by 17% on the previous year's figure. Overall, exports, however, saw a perceptible decrease. The pace of growth was the most pronounced in 2019 with an increase of 18% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, stranded wire exports soared to $X in 2021. Over the period under review, exports, however, recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2019 when exports increased by 18% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for stranded wire exports from Malaysia, accounting for a 29% share of total exports. Moreover, stranded wire exports to the United States exceeded the volume sent to the second major destination, India (X tons), threefold. The third position in this ranking was held by Singapore (X tons), with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled -1.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-3.7% per year) and Singapore (-13.4% per year).

In value terms, the United States ($X) remains the key foreign market for stranded wire, ropes and cables exports from Malaysia, comprising 25% of total exports. The second position in the ranking was taken by India ($X), with a 10% share of total exports. It was followed by Singapore, with an 8.9% share.

From 2012 to 2021, the average annual growth rate of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-6.0% per year) and Singapore (-12.5% per year).

Export Prices by Country

In 2021, the average stranded wire export price amounted to $X per ton, standing approx. at the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average export price increased by 13% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Japan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+1.6%), while the prices for the other major destinations experienced more modest paces of growth.

Stranded Wire Imports

Imports into Malaysia

In 2021, overseas purchases of stranded wire, ropes and cables were finally on the rise to reach X tons after two years of decline. Overall, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by 32% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, stranded wire imports surged to $X in 2021. In general, imports, however, continue to indicate a slight descent. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of stranded wire to Malaysia, accounting for a 68% share of total imports. Moreover, stranded wire imports from China exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), sevenfold. The third position in this ranking was taken by Thailand (X tons), with a 6% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+14.3% per year) and Thailand (+5.5% per year).

In value terms, China ($X) constituted the largest supplier of stranded wire, ropes and cables to Malaysia, comprising 50% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 12% share of total imports. It was followed by Thailand, with a 5.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+16.4% per year) and Thailand (+9.1% per year).

Import Prices by Country

In 2021, the average stranded wire import price amounted to $X per ton, increasing by 23% against the previous year. Over the period under review, the import price, however, continues to indicate a slight downturn. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, 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 Singapore ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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