Malaysia: Unwrought Aluminium Alloys Market 2021

Unwrought Aluminium Alloys Market Size in Malaysia

In 2020, the Malaysian unwrought aluminium alloys market decreased by -X% to $X, falling for the second year in a row after two years of growth. In general, consumption showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X% year-to-year. Over the period under review, the market reached the maximum level at $X in 2018; afterwards, it flattened through to 2020.

Unwrought Aluminium Alloys Production in Malaysia

In value terms, unwrought aluminium alloys production expanded to $X in 2020 estimated in export prices. Over the period under review, production saw a remarkable increase. The growth pace was the most rapid in 2011 with an increase of X% against the previous year. Unwrought aluminium alloys production peaked in 2020 and is likely to see gradual growth in the near future.

Unwrought Aluminium Alloys Exports

Exports from Malaysia

Unwrought aluminium alloys exports from Malaysia skyrocketed to X tons in 2020, rising by X% against 2019. Over the period under review, exports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2011 when exports increased by X% year-to-year. Exports peaked in 2020 and are likely to see steady growth in years to come.

In value terms, unwrought aluminium alloys exports rose markedly to $X in 2020. Overall, exports recorded prominent growth. The most prominent rate of growth was recorded in 2011 when exports increased by X% against the previous year. Exports peaked in 2020 and are expected to retain growth in the immediate term.

Exports by Country

China (X tons) was the main destination for unwrought aluminium alloys exports from Malaysia, with a X% share of total exports. Moreover, unwrought aluminium alloys exports to China exceeded the volume sent to the second major destination, India (X tons), sevenfold. The third position in this ranking was occupied by Vietnam (X tons), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to China totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+X% per year) and Vietnam (+X% per year).

In value terms, China ($X) emerged as the key foreign market for unwrought aluminium alloys exports from Malaysia, comprising X% of total exports. The second position in the ranking was occupied by India ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to China totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+X% per year) and Thailand (+X% per year).

Export Prices by Country

The average unwrought aluminium alloys export price stood at $X per ton in 2020, falling by -X% against the previous year. Overall, the export price saw a perceptible slump. The most prominent rate of growth was recorded in 2011 when the average export price increased by X% year-to-year. Over the period under review, average export prices hit record highs at $X per ton in 2008; however, from 2009 to 2020, export prices failed to regain the momentum.

Average prices varied somewhat for the major export markets. In 2020, the countries with the highest prices were Turkey ($X per ton) and India ($X per ton), while the average price for exports to China ($X per ton) and Japan ($X per ton) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to South Korea, while the prices for the other major destinations experienced a decline.

Unwrought Aluminium Alloys Imports

Imports into Malaysia

In 2020, purchases abroad of unwrought aluminium alloys increased by X% to X tons, rising for the third year in a row after three years of decline. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by X% year-to-year. Over the period under review, imports hit record highs at X tons in 2009; however, from 2010 to 2020, imports remained at a lower figure.

In value terms, unwrought aluminium alloys imports rose rapidly to $X in 2020. Over the period under review, imports, however, recorded a perceptible downturn. The pace of growth was the most pronounced in 2010 when imports increased by X% year-to-year. Imports peaked at $X in 2008; however, from 2009 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, the United Arab Emirates (X tons) constituted the largest supplier of unwrought aluminium alloys to Malaysia, accounting for a X% share of total imports. Moreover, unwrought aluminium alloys imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Oman (X tons), threefold. Australia (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from the United Arab Emirates amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Oman (+X% per year) and Australia (-X% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of unwrought aluminium alloys to Malaysia, comprising X% of total imports. The second position in the ranking was occupied by Oman ($X), with a X% share of total imports. It was followed by Indonesia, with a X% share.

From 2007 to 2020, the average annual growth rate of value from the United Arab Emirates amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Oman (+X% per year) and Indonesia (+X% per year).

Import Prices by Country

In 2020, the average unwrought aluminium alloys import price amounted to $X per ton, dropping by -X% against the previous year. Over the period under review, the import price recorded a perceptible shrinkage. The pace of growth appeared the most rapid in 2010 when the average import price increased by X% y-o-y. Over the period under review, average import prices hit record highs at $X per ton in 2008; however, from 2009 to 2020, import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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