Malaysia: Market for Iron Or Steel Doors, Thresholds For Doors And Windows 2024

Market Size for Iron Or Steel Doors, Thresholds For Doors And Windows in Malaysia

The Malaysian market for iron or steel doors, thresholds for doors and windows expanded notably to $X in 2022, picking up by 6% against the previous year. Overall, the total consumption indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -6.9% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Production of Iron Or Steel Doors, Thresholds For Doors And Windows in Malaysia

In value terms, production of iron or steel doors, thresholds for doors and windows expanded rapidly to $X in 2022 estimated in export price. Over the period under review, the total production indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -5.4% against 2020 indices. The pace of growth was the most pronounced in 2018 when the production volume increased by 28% against the previous year. Over the period under review, production of attained the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Iron Or Steel Doors, Thresholds For Doors And Windows

Exports from Malaysia

In 2022, exports of iron or steel doors, thresholds for doors and windows from Malaysia declined to X units, dropping by -2.7% compared with 2021 figures. In general, exports showed a slight downturn. The most prominent rate of growth was recorded in 2019 when exports increased by 39% against the previous year. As a result, the exports reached the peak of X units. From 2020 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of iron or steel doors, thresholds for doors and windows reduced to $X in 2022. Overall, exports recorded a pronounced downturn. The pace of growth appeared the most rapid in 2018 when exports increased by 26%. Over the period under review, the exports of attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Singapore (X units), India (X units) and Vietnam (X units) were the main destinations of exports of iron or steel doors, thresholds for doors and windows from Malaysia, with a combined 72% share of total exports. Hong Kong SAR, Australia, Thailand, Maldives, the United Arab Emirates, the United States and Nigeria lagged somewhat behind, together accounting for a further 17%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +69.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for iron or steel window and door exported from Malaysia were Singapore ($X), India ($X) and Australia ($X), together comprising 69% of total exports. Hong Kong SAR, the United States, Thailand, the United Arab Emirates, Vietnam, Maldives and Nigeria lagged somewhat behind, together comprising a further 18%.

The United States, with a CAGR of +65.0%, 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

In 2022, the average export price for iron or steel doors, thresholds for doors and windows amounted to $X per unit, shrinking by -7.2% against the previous year. Over the period under review, the export price showed a mild descent. The growth pace was the most rapid in 2020 an increase of 37% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Nigeria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+1.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Iron Or Steel Doors, Thresholds For Doors And Windows

Imports into Malaysia

In 2022, imports of iron or steel doors, thresholds for doors and windows into Malaysia skyrocketed to X units, increasing by 22% compared with the previous year's figure. Overall, imports, however, continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2016 with an increase of 83%. Over the period under review, imports of hit record highs at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, imports of iron or steel doors, thresholds for doors and windows shrank to $X in 2022. In general, imports, however, showed a deep reduction. The most prominent rate of growth was recorded in 2018 with an increase of 23%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of iron or steel window and door to Malaysia, accounting for a 83% share of total imports. Moreover, imports of iron or steel doors, thresholds for doors and windows from China exceeded the figures recorded by the second-largest supplier, Vietnam (X units), more than tenfold. The third position in this ranking was held by Singapore (X units), with a 4.3% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+30.2% per year) and Singapore (-21.3% per year).

In value terms, China ($X) constituted the largest supplier of iron or steel doors, thresholds for doors and windows to Malaysia, comprising 90% of total imports. The second position in the ranking was taken by Singapore ($X), with a 2.2% share of total imports. It was followed by South Korea, with a 2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (-21.7% per year) and South Korea (-17.2% per year).

Import Prices by Country

In 2022, the average import price for iron or steel doors, thresholds for doors and windows amounted to $X per unit, with a decrease of -21.7% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 81% against the previous year. As a result, import price reached the peak level of $X per unit, and then plummeted in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per unit), while the price for Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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