Malaysia: Cored Arc-Welding Wire Market 2024

Cored Arc-Welding Wire Market Size in Malaysia

The Malaysian cored arc-welding wire market declined notably to $X in 2022, which is down by X% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then dropped rapidly in the following year.

Cored Arc-Welding Wire Production in Malaysia

In value terms, cored arc-welding wire production dropped slightly to $X in 2022 estimated in export price. Overall, production showed a pronounced contraction. The pace of growth was the most pronounced in 2018 when the production volume increased by X%. Cored arc-welding wire production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Cored Arc-Welding Wire Exports

Exports from Malaysia

After three years of decline, shipments abroad of cored arc-welding wire increased by X% to X tons in 2022. Over the period under review, exports, however, recorded a pronounced decrease. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, cored arc-welding wire exports soared to $X in 2022. Overall, exports, however, showed a mild downturn. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Vietnam (X tons), India (X tons) and Indonesia (X tons) were the main destinations of cored arc-welding wire exports from Malaysia, with a combined X% share of total exports. Singapore, China, Egypt, Saudi Arabia, Thailand, the United Arab Emirates, Australia, Mexico and Turkey lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cored arc-welding wire exported from Malaysia were Singapore ($X), Indonesia ($X) and India ($X), with a combined X% share of total exports. China, Vietnam, Australia, Thailand, Egypt, the United Arab Emirates, Saudi Arabia, Mexico and Turkey lagged somewhat behind, together accounting for a further X%.

Mexico, with a CAGR of X%, saw the highest rates of growth with regard to 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

The average cored arc-welding wire export price stood at $X per ton in 2022, surging by X% against the previous year. Overall, the export price continues to indicate slight growth. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Turkey ($X 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 Indonesia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cored Arc-Welding Wire Imports

Imports into Malaysia

Cored arc-welding wire imports into Malaysia dropped to X tons in 2022, waning by X% on the previous year's figure. In general, imports, however, enjoyed a resilient increase. The pace of growth appeared the most rapid in 2015 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, cored arc-welding wire imports fell notably to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then shrank rapidly in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of cored arc-welding wire to Malaysia, accounting for a X% share of total imports. Moreover, cored arc-welding wire imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), sixfold. The third position in this ranking was taken by Vietnam (X tons), with a X% share.

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

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

From 2012 to 2022, the average annual rate of growth in terms 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 Vietnam (X% per year).

Import Prices by Country

In 2022, the average cored arc-welding wire import price amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the import price recorded a drastic downturn. The pace of growth was the most pronounced in 2019 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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