Malaysia: Metal Screw Hook Market 2024

Metal Screw Hook Market Size in Malaysia

The Malaysian metal screw hook market amounted to $X in 2022, growing by 7.8% against the previous year. The market value increased at an average annual rate of +2.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Metal screw hook consumption peaked in 2022 and is likely to see gradual growth in the near future.

Metal Screw Hook Production in Malaysia

In value terms, metal screw hook production totaled $X in 2022 estimated in export price. In general, production, however, continues to indicate a slight setback. The pace of growth appeared the most rapid in 2020 when the production volume increased by 24% against the previous year. Metal screw hook production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Metal Screw Hook Exports

Exports from Malaysia

After two years of growth, overseas shipments of iron or steel screw hooks and screw rings decreased by -7.6% to X tons in 2022. Over the period under review, exports saw a abrupt decrease. The growth pace was the most rapid in 2017 with an increase of 103% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, metal screw hook exports contracted to $X in 2022. Overall, exports saw a deep downturn. The pace of growth was the most pronounced in 2017 when exports increased by 88%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Singapore (X tons) was the main destination for metal screw hook exports from Malaysia, with a 47% share of total exports. Moreover, metal screw hook exports to Singapore exceeded the volume sent to the second major destination, Indonesia (X tons), threefold. The third position in this ranking was taken by the United States (X tons), with a 5.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Singapore stood at -12.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+18.7% per year) and the United States (+3.9% per year).

In value terms, Singapore ($X), the United States ($X) and Indonesia ($X) appeared to be the largest markets for metal screw hook exported from Malaysia worldwide, together comprising 46% of total exports. Vietnam, Papua New Guinea, Norway, Italy, Thailand, Guyana and Sweden lagged somewhat behind, together accounting for a further 28%.

Among the main countries of destination, Norway, with a CAGR of +35.0%, saw the highest rates of growth with regard to the value of exports, 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 metal screw hook export price amounted to $X per ton, with a decrease of -3% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 51% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then shrank modestly in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Sweden ($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 the United States (-0.3%), while the prices for the other major destinations experienced a decline.

Metal Screw Hook Imports

Imports into Malaysia

In 2022, the amount of iron or steel screw hooks and screw rings imported into Malaysia amounted to X tons, picking up by 8% against the previous year. In general, imports enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2014 with an increase of 163%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, metal screw hook imports shrank to $X in 2022. Overall, imports enjoyed buoyant growth. The growth pace was the most rapid in 2017 when imports increased by 160%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Singapore (X tons), China (X tons) and Hong Kong SAR (X tons) were the main suppliers of metal screw hook imports to Malaysia, with a combined 84% share of total imports. Taiwan (Chinese), the Philippines and Germany lagged somewhat behind, together accounting for a further 10%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Philippines (with a CAGR of +69.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest metal screw hook suppliers to Malaysia were China ($X), Singapore ($X) and Germany ($X), with a combined 69% share of total imports. Hong Kong SAR, Taiwan (Chinese) and the Philippines lagged somewhat behind, together comprising a further 10%.

Hong Kong SAR, with a CAGR of +43.8%, saw the highest growth rate of the value of imports, among 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 metal screw hook import price stood at $X per ton in 2022, with a decrease of -16.8% against the previous year. Over the period under review, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal screw hook import price decreased by -25.9% against 2020 indices. The pace of growth appeared the most rapid in 2013 an increase of 52%. The import price peaked at $X per ton in 2020; however, from 2021 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 Germany ($X per ton), while the price for Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+6.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :