Report Update: Apr 1, 2024

Malaysia - Seals Of Vulcanised Rubber - Market Analysis, Forecast, Size, Trends And Insights

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Vulcanised Rubber Seal Price in Malaysia - 2021

Vulcanised Rubber Seal Price in Malaysia (CIF) - 2021

In December 2021, the average vulcanised rubber seal import price amounted to $8,858 per ton, surging by 8% against the previous month. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in February 2021 an increase of 64% against the previous month. Over the period under review, average import prices reached the peak figure at $11,923 per ton in March 2021; however, from April 2021 to December 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In December 2021, the country with the highest price was Thailand ($17,145 per ton), while the price for Italy ($5,123 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 Indonesia (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Vulcanised Rubber Seal Price in Malaysia (FOB) - 2022

The average vulcanised rubber seal export price stood at $19,313 per ton in 2022, reducing by -11.9% against the previous year. Overall, the export price recorded a slight downturn. The most prominent rate of growth was recorded in 2016 an increase of 36%. As a result, the export price attained the peak level of $29,116 per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($49,016 per ton), while the average price for exports to Indonesia ($6,272 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+14.0%), while the prices for the other major destinations experienced more modest paces of growth.

Vulcanised Rubber Seal Imports in Malaysia

In 2022, overseas purchases of seals of vulcanised rubber decreased by -8.6% to 9.1K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 111%.

In value terms, vulcanised rubber seal imports declined to $110M in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +16.7% 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 increased by +58.8% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 46% against the previous year.

Import of Vulcanised Rubber Seal in Malaysia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Singapore	7.8	8.5	8.6	31.8	59.8%
China	11.8	20.9	26.1	25.7	29.6%
Thailand	6.0	11.3	21.8	13.7	31.7%
United States	9.2	16.3	15.0	7.5	-6.6%
Japan	10.7	12.2	13.9	6.9	-13.6%
Germany	3.4	5.3	6.4	5.4	16.7%
Taiwan (Chinese)	2.9	4.2	4.9	3.1	2.2%
Vietnam	2.7	3.0	3.9	2.4	-3.9%
Indonesia	2.6	1.8	2.1	1.4	-18.6%
South Korea	2.4	2.0	1.9	1.3	-18.5%
Others	9.6	14.9	14.0	10.4	2.7%
Total	69.0	101	119	110	16.8%

Top Suppliers of Vulcanised Rubber Seal to Malaysia in 2022:

China (4496.7 tons)
Singapore (991.9 tons)
Thailand (748.7 tons)
Germany (563.3 tons)
Taiwan (Chinese) (366.7 tons)
Japan (274.2 tons)
Vietnam (271.0 tons)
United States (228.1 tons)
South Korea (129.6 tons)
Indonesia (110.2 tons)

Vulcanised Rubber Seal Exports in Malaysia

In 2022, the amount of seals of vulcanised rubber exported from Malaysia amounted to 3.6K tons, picking up by 4.3% against the previous year. In general, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +8.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +50.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 44% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, vulcanised rubber seal exports shrank to $70M in 2022. Overall, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 20% against the previous year. As a result, the exports attained the peak of $76M, and then contracted in the following year.

Export of Vulcanised Rubber Seal in Malaysia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	9.0	9.9	8.8	15.3	19.3%
Japan	14.6	7.1	7.0	12.3	-5.6%
Singapore	16.9	14.1	22.9	10.5	-14.7%
Thailand	5.2	9.4	9.7	7.0	10.4%
United States	8.4	7.5	9.1	5.8	-11.6%
Hong Kong SAR	1.7	1.2	1.6	4.1	34.1%
Philippines	3.2	5.1	5.0	2.8	-4.4%
United Kingdom	0.7	0.5	0.6	1.4	26.0%
Australia	0.8	0.8	1.2	1.3	17.6%
Indonesia	0.6	1.2	1.2	0.8	10.1%
Vietnam	0.6	0.6	1.1	0.8	10.1%
Germany	1.5	1.8	1.6	0.5	-30.7%
Others	5.4	4.6	6.6	7.5	11.6%
Total	68.4	64.0	76.5	70.2	0.9%

Top Export Markets for Vulcanised Rubber Seal from Malaysia in 2022:

Thailand (764.5 tons)
China (726.3 tons)
Japan (561.6 tons)
Singapore (370.1 tons)
United States (321.1 tons)
Indonesia (133.0 tons)
Australia (112.0 tons)
United Kingdom (84.2 tons)
Hong Kong SAR (83.8 tons)
Philippines (81.4 tons)
Vietnam (67.8 tons)
Germany (16.1 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the vulcanised rubber seal 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 22197323 - Seals, of vulcanised rubber

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