Malaysia: Market for Iron Or Steel Leaf-Springs And Leaves 2022

Market Size for Iron Or Steel Leaf-Springs And Leaves in Malaysia

In 2020, the Malaysian market for iron or steel leaf-springs and leaves increased by X% to $X, rising for the third consecutive year after two years of decline. Overall, consumption saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the market value increased by X% year-to-year. As a result, consumption reached the peak level of $X. from 2016 to 2020, the growth of the market failed to regain the momentum.

Production of Iron Or Steel Leaf-Springs And Leaves in Malaysia

In value terms, production of iron or steel leaf-springs and leaves contracted significantly to $X in 2020 estimated in export prices. In general, production recorded a slight decline. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. Production peaked at $X in 2011; however, from 2012 to 2020, production remained at a lower figure.

Exports of Iron Or Steel Leaf-Springs And Leaves

Exports from Malaysia

In 2020, shipments abroad of iron or steel leaf-springs and leaves decreased by -X% to X tons, falling for the second year in a row after three years of growth. Over the period under review, exports recorded a perceptible setback. The most prominent rate of growth was recorded in 2011 when exports increased by X% year-to-year. Over the period under review, exports hit record highs at X tons in 2018; however, from 2019 to 2020, exports failed to regain the momentum.

In value terms, exports of iron or steel leaf-springs and leaves contracted dramatically to $X in 2020. Overall, exports saw a perceptible downturn. The pace of growth was the most pronounced in 2011 with an increase of X% year-to-year. Exports peaked at $X in 2018; however, from 2019 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Australia (X tons), Thailand (X tons) and the U.S. (X tons) were the main destinations of exports of iron or steel leaf-springs and leaves from Malaysia, with a combined X% share of total exports. These countries were followed by Yemen, Russia, Singapore, South Korea, the UK, Vietnam, Germany, Taiwan (Chinese), Hungary and Ireland, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hungary (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), the U.S. ($X) and Thailand ($X) appeared to be the largest markets for iron or steel leaf-spring and leave exported from Malaysia worldwide, with a combined X% share of total exports. These countries were followed by Russia, Yemen, Singapore, Vietnam, South Korea, the UK, Germany, Taiwan (Chinese), Hungary and Ireland, which together accounted for a further X (+X% per year) 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

In 2020, the average export price for iron or steel leaf-springs and leaves amounted to $X per ton, rising by X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2009 an increase of X% against the previous year. As a result, export price reached the peak level of $X per ton. from 2010 to 2020, the growth in terms of the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Yemen ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the U.S., while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron Or Steel Leaf-Springs And Leaves

Imports into Malaysia

In 2020, supplies from abroad of iron or steel leaf-springs and leaves decreased by -X% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, posted a tangible increase. The pace of growth was the most pronounced in 2014 with an increase of X% year-to-year. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2020, imports stood at a somewhat lower figure.

In value terms, imports of iron or steel leaf-springs and leaves dropped to $X in 2020. In general, imports, however, saw strong growth. The growth pace was the most rapid in 2011 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2020, imports remained at a lower figure.

Imports by Country

China (X tons), Indonesia (X tons) and Singapore (X tons) were the main suppliers of imports of iron or steel leaf-springs and leaves to Malaysia, together accounting for X% of total imports. Thailand, Hong Kong SAR, Vietnam and Japan lagged somewhat behind, together accounting for a further X 2007 to 2020, the biggest increases were in Hong Kong SAR, while purchases for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), China ($X) and Indonesia ($X) constituted the largest iron or steel leaf-spring and leave suppliers to Malaysia, together comprising X% of total imports. Japan, Thailand, Hong Kong SAR and Vietnam lagged somewhat behind, together comprising a further X Kong SAR (+X% per year) saw the highest growth rate of 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 import price for iron or steel leaf-springs and leaves stood at $X per ton in 2020, surging by X% against the previous year. Overall, import price indicated a slight expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, import price for iron or steel leaf-springs and leaves increased by +X% against 2015 indices. The pace of growth was the most pronounced in 2013 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2008; however, from 2009 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Japan ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Japan, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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