Malaysia: Worked Flat Glass Market 2024

Worked Flat Glass Market Size in Malaysia

The Malaysian worked flat glass market surged to $X in 2021, picking up by 32% against the previous year. Overall, the total consumption indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Worked flat glass consumption peaked in 2021 and is likely to continue growth in the immediate term.

Worked Flat Glass Production in Malaysia

In value terms, worked flat glass production stood at $X in 2021 estimated in export price. In general, the total production indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -3.1% against 2019 indices. The pace of growth was the most pronounced in 2019 with an increase of 50% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Worked Flat Glass Exports

Exports from Malaysia

In 2021, shipments abroad of worked flat glass decreased by -5.2% to X tons, falling for the second consecutive year after five years of growth. Over the period under review, exports, however, enjoyed a mild expansion. The growth pace was the most rapid in 2016 with an increase of 100% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, worked flat glass exports totaled $X in 2021. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when exports increased by 128% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Japan (X tons), South Korea (X tons) and the United States (X tons) were the main destinations of worked flat glass exports from Malaysia, together accounting for 69% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of +41.0%), while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) remains the key foreign market for worked flat glass exports from Malaysia, comprising 52% of total exports. The second position in the ranking was held by South Korea ($X), with a 23% share of total exports. It was followed by Taiwan (Chinese), with a 5.1% share.

From 2012 to 2021, the average annual growth rate of value to Japan totaled +5.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+50.0% per year) and Taiwan (Chinese) (-10.7% per year).

Export Prices by Country

The average worked flat glass export price stood at $X per ton in 2021, growing by 9% against the previous year. Over the period under review, the export price, however, recorded a noticeable setback. The most prominent rate of growth was recorded in 2018 an increase of 25%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to Singapore ($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 South Korea (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.

Worked Flat Glass Imports

Imports into Malaysia

After two years of decline, overseas purchases of worked flat glass increased by 94% to X tons in 2021. In general, imports posted prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of 204% against the previous year. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, worked flat glass imports declined sharply to $X in 2021. Overall, imports enjoyed a strong increase. The pace of growth was the most pronounced in 2017 when imports increased by 168%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), Germany (X tons) and Vietnam (X tons) were the main suppliers of worked flat glass imports to Malaysia, with a combined 90% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +62.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) constituted the largest supplier of worked flat glass to Malaysia, comprising 64% of total imports. The second position in the ranking was held by Germany ($X), with a 20% share of total imports. It was followed by Lao People's Democratic Republic, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from Vietnam amounted to +62.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+9.3% per year) and Lao People's Democratic Republic (0.0% per year).

Import Prices by Country

The average worked flat glass import price stood at $X per ton in 2021, dropping by -56.8% against the previous year. Over the period under review, the import price saw a pronounced curtailment. The most prominent rate of growth was recorded in 2016 an increase of 36%. Over the period under review, average import prices reached the peak figure at $X per ton in 2020, and then reduced notably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+4.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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