Malaysia: Aluminium Bar Market Overview 2021

Aluminium Bar Market Size in Malaysia

The Malaysian aluminium bar market expanded to $X in 2019, surging by X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of X% year-to-year. As a result, consumption reached the peak level of $X. From 2018 to 2019, the growth of the market remained at a somewhat lower figure.

Aluminium Bar Production in Malaysia

In value terms, aluminium bar production expanded significantly to $X in 2019 estimated in export prices. Overall, production enjoyed buoyant growth. The pace of growth appeared the most rapid in 2010 with an increase of X% year-to-year. Aluminium bar production peaked at $X in 2017; however, from 2018 to 2019, production remained at a lower figure.

Aluminium Bar Exports

Exports from Malaysia

In 2019, overseas shipments of aluminium bars, rods and profiles increased by X% to X tonnes, rising for the second year in a row after two years of decline. Over the period under review, exports saw a buoyant increase. The most prominent rate of growth was recorded in 2010 when exports increased by X% y-o-y. Over the period under review, exports attained the maximum at X tonnes in 2015; however, from 2016 to 2019, exports failed to regain the momentum.

In value terms, aluminium bar exports expanded slightly to $X in 2019. Overall, exports saw a resilient expansion. The growth pace was the most rapid in 2010 with an increase of X% y-o-y. Over the period under review, exports reached the maximum at $X in 2015; however, from 2016 to 2019, exports remained at a lower figure.

Exports by Country

Australia (X tonnes), Singapore (X tonnes) and Canada (X tonnes) were the main destinations of aluminium bar exports from Malaysia, together accounting for X% of total exports. The U.S., Viet Nam, New Zealand, Thailand, China, South Korea, Taiwan (Chinese), South Africa and Germany lagged somewhat behind, together accounting for a further X 2007 to 2019, the biggest increases were in Taiwan (Chinese) (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for aluminium bar exported from Malaysia were Australia ($X), the U.S. ($X) and Singapore ($X), with a combined X% share of total exports. These countries were followed by Canada, Viet Nam, New Zealand, Thailand, Taiwan (Chinese), South Korea, China, Germany and South Africa, which together accounted for a further X (Chinese) saw the highest rates of growth with regard to the value of exports, in terms of 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

The average aluminium bar export price stood at $X per tonne in 2019, which is down by -X% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when the average export price increased by X% against the previous year. As a result, export price attained the peak level of $X per tonne. From 2009 to 2019, the growth in terms of the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2019, the country with the highest price was Viet Nam ($X per tonne), while the average price for exports to China ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Viet Nam, while the prices for the other major destinations experienced a decline.

Aluminium Bar Imports

Imports into Malaysia

In 2019, after two years of growth, there was significant decline in overseas purchases of aluminium bars, rods and profiles, when their volume decreased by -X% to X tonnes. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 when imports increased by X% year-to-year. As a result, imports reached the peak of X tonnes. From 2009 to 2019, the growth imports remained at a lower figure.

In value terms, aluminium bar imports declined to $X in 2019. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 with an increase of X% year-to-year. Imports peaked at $X in 2008; however, from 2009 to 2019, imports failed to regain the momentum.

Imports by Country

In 2019, China (X tonnes) constituted the largest aluminium bar supplier to Malaysia, accounting for a X% share of total imports. Moreover, aluminium bar imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tonnes), fivefold. Taiwan (Chinese) (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual growth rate of volume from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+X% per year) and Taiwan (Chinese) (-X% per year).

In value terms, China ($X) constituted the largest supplier of aluminium bar to Malaysia, comprising X% of total imports. The second position in the ranking was occupied by South Korea ($X), with a X% share of total imports. It was followed by Taiwan (Chinese), with a X% share.

From 2007 to 2019, the average annual growth rate of value from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+X% per year) and Taiwan (Chinese) (-X% per year).

Import Prices by Country

In 2019, the average aluminium bar import price amounted to $X per tonne, declining by -X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 when the average import price increased by X% year-to-year. The import price peaked at $X per tonne in 2011; however, from 2012 to 2019, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Singapore ($X per tonne), while the price for South Korea ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Singapore, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for aluminium bars, rods and profiles in the world?

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The countries with the highest volumes of aluminium bar consumption in 2019 were China (5.1M tonnes), the U.S. (2.9M tonnes) and Brazil (1.2M tonnes), with a combined 49% share of global consumption.

What are the largest producers of aluminium bars, rods and profiles in the world?

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The country with the largest volume of aluminium bar production was China (6.1M tonnes), comprising approx. 31% of total volume. Moreover, aluminium bar production in China exceeded the figures recorded by the second-largest producer, the U.S. (2.9M tonnes), twofold. The third position in this ranking was occupied by Brazil (1.2M tonnes), with a 6.2% share.

What are the leading suppliers of aluminium bars, rods and profiles to Malaysia?

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In value terms, China ($110M) constituted the largest supplier of aluminium bar to Malaysia, comprising 62% of total imports. The second position in the ranking was occupied by South Korea ($20M), with a 11% share of total imports. It was followed by Taiwan (Chinese), with a 7.8% share.

What are the leading importers of aluminium bars, rods and profiles from Malaysia?

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In value terms, Australia ($37M), the U.S. ($30M) and Singapore ($28M) were the largest markets for aluminium bar exported from Malaysia worldwide, with a combined 53% share of total exports. Canada, Viet Nam, New Zealand, Thailand, Taiwan (Chinese), South Korea, China, Germany and South Africa lagged somewhat behind, together comprising a further 38%.

What is the average export price for aluminium bars, rods and profiles in Malaysia?

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In 2019, the average aluminium bar export price amounted to $3,178 per tonne, shrinking by -5.2% against the previous year.

What is the average import price for aluminium bars, rods and profiles in Malaysia?

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In 2019, the average aluminium bar import price amounted to $3,237 per tonne, declining by -6.6% against the previous year.