Malaysia: Market for Base Metal Flexible Tubing, Iron Or Steel 2024

Market Size for Base Metal Flexible Tubing, Iron Or Steel in Malaysia

In 2022, the Malaysian base metal flexible tubing market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption showed a relatively flat trend pattern. Base metal flexible tubing consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Exports of Base Metal Flexible Tubing, Iron Or Steel

Exports from Malaysia

After two years of decline, overseas shipments of base metal flexible tubing, iron or steel increased by X% to X tons in 2022. Overall, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, base metal flexible tubing exports surged to $X in 2022. In general, exports, however, showed a abrupt descent. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Brunei Darussalam (X tons) was the main destination for base metal flexible tubing exports from Malaysia, with a X% share of total exports. Moreover, base metal flexible tubing exports to Brunei Darussalam exceeded the volume sent to the second major destination, Singapore (X tons), fivefold. The third position in this ranking was taken by Cambodia (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Brunei Darussalam amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (X% per year) and Cambodia (X% per year).

In value terms, Brunei Darussalam ($X) emerged as the key foreign market for base metal flexible tubing, iron or steel exports from Malaysia, comprising X% of total exports. The second position in the ranking was held by Singapore ($X), with a X% share of total exports. It was followed by India, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Brunei Darussalam totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (X% per year) and India (X% per year).

Export Prices by Country

The average base metal flexible tubing export price stood at $X per ton in 2022, which is down by X% against the previous year. Overall, the export price showed a abrupt decline. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Cambodia ($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 Brunei Darussalam (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Base Metal Flexible Tubing, Iron Or Steel

Imports into Malaysia

In 2022, after two years of growth, there was significant decline in supplies from abroad of base metal flexible tubing, iron or steel, when their volume decreased by X% to X tons. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, base metal flexible tubing imports shrank significantly to $X in 2022. Over the period under review, imports continue to indicate a pronounced decline. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of base metal flexible tubing to Malaysia, accounting for a X% share of total imports. Moreover, base metal flexible tubing imports from China exceeded the figures recorded by the second-largest supplier, Singapore (X tons), fourfold. The third position in this ranking was taken by Germany (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: Singapore (X% per year) and Germany (X% per year).

In value terms, the largest base metal flexible tubing suppliers to Malaysia were Singapore ($X), China ($X) and the United States ($X), with a combined X% share of total imports. Germany, Taiwan (Chinese), Switzerland and Thailand lagged somewhat behind, together comprising a further X%.

Taiwan (Chinese), with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average base metal flexible tubing import price stood at $X per ton in 2022, growing by X% against the previous year. Overall, the import price, however, continues to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2014 when the average import price increased by X%. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat 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 the United States ($X per ton), while the price for China ($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 more modest paces of growth.

Source: IndexBox Platform

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