Report Update: Apr 1, 2024

Malaysia - Base Metal Staples In Strips For Use In Offices - Market Analysis, Forecast, Size, Trends And Insights

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Office Metal Staple Price in Malaysia - 2021

Office Metal Staple Price in Malaysia (FOB) - 2021

The average office metal staple export price stood at $2,405 per ton in December 2021, rising by 4.6% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.5%. The growth pace was the most rapid in February 2021 an increase of 32% m-o-m. As a result, the export price attained the peak level of $2,760 per ton. From March 2021 to December 2021, the the average export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Singapore ($4,359 per ton), while the average price for exports to the United States ($2,060 per ton) was amongst the lowest.

From December 2020 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+1.0%), while the prices for the other major destinations experienced more modest paces of growth.

Office Metal Staple Price in Malaysia (CIF) - 2021

In December 2021, the average office metal staple import price amounted to $1,562 per ton, standing approximately at the previous month. Overall, the import price saw a mild descent. The growth pace was the most rapid in June 2021 when the average import price increased by 31% against the previous month. Over the period under review, average import prices hit record highs at $2,231 per ton in August 2021; however, from September 2021 to December 2021, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was India ($3,102 per ton), while the price for Thailand ($876 per ton) was amongst the lowest.

From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by India (+1.3%), while the prices for the other major suppliers experienced a decline.

Office Metal Staple Exports in Malaysia

In 2022, approx. 2.6K tons of base metal staples in strips for use in offices were exported from Malaysia; waning by -21.1% compared with the previous year's figure. In general, total exports indicated notable growth from 2019 to 2022: its volume increased at an average annual rate of +3.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +35.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 71% against the previous year. As a result, the exports attained the peak of 3.3K tons, and then dropped dramatically in the following year.

In value terms, office metal staple exports dropped dramatically to $5.9M in 2022. Overall, exports recorded a mild shrinkage. The growth pace was the most rapid in 2021 when exports increased by 77%. As a result, the exports attained the peak of $7.6M, and then dropped sharply in the following year.

Export of Office Metal Staple in Malaysia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	50.0	1,655	4,519	3,182	299.2%
Singapore	1,541	428	527	701	-23.1%
Indonesia	1,531	805	832	652	-24.8%
Canada	412	423	552	305	-9.5%
Hong Kong SAR	874	154	203	297	-30.2%
India	7.7	22.7	40.6	116	147.0%
China	304	121	189	104	-30.1%
Taiwan (Chinese)	256	99.1	66.7	85.5	-30.6%
Others	1,239	562	632	475	-27.4%
Total	6,215	4,271	7,563	5,917	-1.6%

Top Export Markets for Office Metal Staple from Malaysia in 2022:

United States (1540.0 tons)
Indonesia (299.9 tons)
Canada (227.6 tons)
Singapore (190.1 tons)
Hong Kong SAR (69.5 tons)
India (54.0 tons)
China (38.1 tons)
Taiwan (Chinese) (36.1 tons)

Office Metal Staple Imports in Malaysia

In 2022, purchases abroad of base metal staples in strips for use in offices decreased by -4.2% to 1.9K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 110% against the previous year.

In value terms, office metal staple imports expanded slightly to $3.6M in 2022. Overall, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +22.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -2.2% against 2020 indices. The growth pace was the most rapid in 2020 when imports increased by 87% against the previous year. As a result, imports attained the peak of $3.7M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Import of Office Metal Staple in Malaysia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	1,338	2,897	2,789	3,215	33.9%
Taiwan (Chinese)	35.9	90.1	178	90.8	36.2%
Vietnam	125	103	59.9	40.9	-31.1%
Thailand	63.6	60.8	60.1	30.7	-21.6%
Others	386	500	403	193	-20.6%
Total	1,949	3,651	3,490	3,570	22.4%

Top Suppliers of Office Metal Staple to Malaysia in 2022:

China (1630.5 tons)
Taiwan (Chinese) (85.9 tons)
Vietnam (46.3 tons)
Thailand (36.9 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the office metal staple market in Malaysia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 25992350 - Base metal staples in strips for use in offices, upholstery and packaging

Country coverage:

Malaysia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Malaysia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023