Malaysia: Aluminium Alloy Wire Market 2024

Aluminium Alloy Wire Market Size in Malaysia

The Malaysian aluminium alloy wire market shrank slightly to $X in 2022, waning by X% against the previous year. Overall, consumption, however, saw a pronounced decrease. Aluminium alloy wire consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Aluminium Alloy Wire Production in Malaysia

In value terms, aluminium alloy wire production rose rapidly to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Aluminium Alloy Wire Exports

Exports from Malaysia

In 2022, overseas shipments of aluminium alloy wire decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, enjoyed a resilient increase. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. The exports peaked at X tons in 2021, and then dropped dramatically in the following year.

In value terms, aluminium alloy wire exports fell markedly to $X in 2022. In general, exports, however, saw buoyant growth. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then declined remarkably in the following year.

Exports by Country

Cambodia (X tons) was the main destination for aluminium alloy wire exports from Malaysia, with a X% share of total exports. Moreover, aluminium alloy wire exports to Cambodia exceeded the volume sent to the second major destination, Vietnam (X tons), twofold. The third position in this ranking was held by Turkey (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Cambodia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (X% per year) and Turkey (X% per year).

In value terms, Cambodia ($X) remains the key foreign market for aluminium alloy wire exports from Malaysia, comprising X% of total exports. The second position in the ranking was held by Vietnam ($X), with a X% share of total exports. It was followed by Turkey, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Cambodia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (X% per year) and Turkey (X% per year).

Export Prices by Country

In 2022, the average aluminium alloy wire export price amounted to $X per ton, with a decrease of X% against the previous year. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to South Korea ($X per ton) and Turkey ($X per ton), while the average price for exports to South Africa ($X per ton) and Vietnam ($X per ton) were amongst the lowest.

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

Aluminium Alloy Wire Imports

Imports into Malaysia

In 2022, overseas purchases of aluminium alloy wire decreased by X% to X tons for the first time since 2016, thus ending a five-year rising trend. Overall, imports, however, showed a prominent expansion. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2021, and then shrank in the following year.

In value terms, aluminium alloy wire imports declined dramatically to $X in 2022. Over the period under review, imports, however, continue to indicate a temperate increase. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then declined remarkably in the following year.

Imports by Country

In 2022, Japan (X tons) constituted the largest supplier of aluminium alloy wire to Malaysia, with a X% share of total imports. Moreover, aluminium alloy wire imports from Japan exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold. The third position in this ranking was taken by Vietnam (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Japan stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Vietnam (X% per year).

In value terms, Japan ($X) constituted the largest supplier of aluminium alloy wire to Malaysia, comprising X% of total imports. The second position in the ranking was held by China ($X), with an X% share of total imports. It was followed by South Korea, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Japan stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and South Korea (X% per year).

Import Prices by Country

The average aluminium alloy wire import price stood at $X per ton in 2022, reducing by X% against the previous year. In general, the import price recorded a slight downturn. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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