Malaysia: Abrasives Market 2022

Abrasives Market Size in Malaysia

In 2021, the Malaysian abrasives market decreased by -X% to $X, falling for the second year in a row after two years of growth. Over the period under review, the total consumption indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -X% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Abrasives Production in Malaysia

In value terms, abrasives production declined to $X in 2021 estimated in export price. Over the period under review, production, however, posted buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Abrasives Exports

Exports from Malaysia

In 2021, overseas shipments of abrasives (natural) were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, abrasives exports expanded markedly to $X in 2021. Overall, exports saw a strong increase. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Japan (X tons), Indonesia (X tons) and Brazil (X tons) were the main destinations of abrasives exports from Malaysia, together comprising X% of total exports. Vietnam, Qatar, Singapore, Australia, Thailand, Canada, Bangladesh, Turkey and the United Arab Emirates lagged somewhat behind, together accounting for a further X 2012 to 2021, the biggest increases were in Canada (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for abrasives exported from Malaysia were Japan ($X), Vietnam ($X) and Indonesia ($X), together comprising X% of total exports. These countries were followed by Brazil, Qatar, Bangladesh, Singapore, Thailand, Australia, Canada, Turkey and the United Arab Emirates, which together accounted for a further X, with a CAGR of +X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average abrasives export price amounted to $X per ton, waning by -X% against the previous year. Over the last nine years, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2020 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then reduced slightly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Bangladesh ($X per ton), while the average price for exports to Brazil ($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 Canada (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Abrasives Imports

Imports into Malaysia

In 2021, the amount of abrasives (natural) imported into Malaysia skyrocketed to X tons, growing by X% against the year before. Overall, imports, however, recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of X%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, abrasives imports reached $X in 2021. Over the period under review, imports, however, saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Sierra Leone (X tons), Australia (X tons) and India (X tons) were the main suppliers of abrasives imports to Malaysia, together accounting for X% of total imports. China and Indonesia lagged somewhat behind, together comprising a further X 2012 to 2021, the biggest increases were in China (with a CAGR of +X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest abrasives suppliers to Malaysia were India ($X), China ($X) and Sierra Leone ($X), together accounting for X% of total imports.

Among the main suppliers, China, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average abrasives import price stood at $X per ton in 2021, waning by -X% against the previous year. In general, the import price showed a perceptible downturn. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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