Malaysia: Market for Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone 2024

Market Size for Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone in Malaysia

In 2021, after four years of growth, there was significant decline in the Malaysian market for tiles, flagstones and similar articles of cement, concrete or artificial stone, when its value decreased by -7.6% to $X. Over the period under review, the total consumption indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +9.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +62.4% against 2016 indices. Consumption of peaked at $X in 2020, and then dropped in the following year.

Production of Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone in Malaysia

In value terms, production of tiles, flagstones and similar articles of cement, concrete or artificial stone reduced to $X in 2021 estimated in export price. In general, the total production indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +8.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +63.6% against 2016 indices. The pace of growth appeared the most rapid in 2013 when the production volume increased by 54% against the previous year. Over the period under review, production of attained the peak level at $X in 2020, and then dropped in the following year.

Exports of Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone

Exports from Malaysia

After two years of decline, overseas shipments of tiles, flagstones and similar articles of cement, concrete or artificial stone increased by 52% to X tons in 2021. Overall, exports, however, continue to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2018 with an increase of 67% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, exports of tiles, flagstones and similar articles of cement, concrete or artificial stone skyrocketed to $X in 2021. In general, exports, however, showed a slight decrease. Over the period under review, the exports of attained the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Singapore (X tons) was the main destination for exports of tiles, flagstones and similar articles of cement, concrete or artificial stone from Malaysia, accounting for a 75% share of total exports. Moreover, exports of tiles, flagstones and similar articles of cement, concrete or artificial stone to Singapore exceeded the volume sent to the second major destination, Japan (X tons), fivefold. The third position in this ranking was held by the United States (X tons), with an 8.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Singapore amounted to +13.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-15.9% per year) and the United States (+292.9% per year).

In value terms, Singapore ($X), Japan ($X) and the United States ($X) appeared to be the largest markets for tiles, flagstones and similar articles of cement, concrete or artificial stone exported from Malaysia worldwide, together accounting for 88% of total exports.

In terms of the main countries of destination, the United States, with a CAGR of +262.9%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average export price for tiles, flagstones and similar articles of cement, concrete or artificial stone amounted to $X per ton, with an increase of 6.1% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.7%. The most prominent rate of growth was recorded in 2013 an increase of 29% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Australia ($X per ton), while the average price for exports to Singapore ($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 Australia (+30.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone

Imports into Malaysia

For the third year in a row, Malaysia recorded growth in overseas purchases of tiles, flagstones and similar articles of cement, concrete or artificial stone, which increased by 26% to X tons in 2021. Overall, imports recorded a significant increase. The pace of growth was the most pronounced in 2019 with an increase of 619% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, imports of tiles, flagstones and similar articles of cement, concrete or artificial stone soared to $X in 2021. In general, imports enjoyed a significant increase. The pace of growth appeared the most rapid in 2019 when imports increased by 595% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the near future.

Imports by Country

In 2021, China (X tons) was the main tiles, flagstones and similar articles of cement, concrete or artificial stone supplier to Malaysia, with a 96% share of total imports. It was followed by Thailand (X tons), with a 1.7% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +56.4%.

In value terms, China ($X) constituted the largest supplier of tiles, flagstones and similar articles of cement, concrete or artificial stone to Malaysia, comprising 98% of total imports. The second position in the ranking was held by Thailand ($X), with a 0.2% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China amounted to +59.6%.

Import Prices by Country

The average import price for tiles, flagstones and similar articles of cement, concrete or artificial stone stood at $X per ton in 2021, picking up by 13% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.1%. The growth pace was the most rapid in 2013 when the average import price increased by 58%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was China ($X per ton), while the price for Thailand amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+2.1%).

Source: IndexBox Platform

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