Malaysia: Non-Alloy Aluminium Bar Market 2024

Non-Alloy Aluminium Bar Market Size in Malaysia

In 2023, after two years of growth, there was significant decline in the Malaysian non-alloy aluminium bar market, when its value decreased by X% to $X. Overall, consumption recorded a sharp slump. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2023, consumption remained at a lower figure.

Non-Alloy Aluminium Bar Production in Malaysia

In value terms, non-alloy aluminium bar production amounted to $X in 2023 estimated in export price. Over the period under review, production, however, continues to indicate a pronounced downturn. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Non-alloy aluminium bar production peaked at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Non-Alloy Aluminium Bar Exports

Exports from Malaysia

In 2023, exports of non-alloy aluminium bars, rods and profiles from Malaysia surged to X tons, increasing by X% compared with 2022 figures. Overall, exports enjoyed temperate growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, non-alloy aluminium bar exports soared to $X in 2023. Over the period under review, exports saw perceptible growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey (X tons), Germany (X tons) and Italy (X tons) were the main destinations of non-alloy aluminium bar exports from Malaysia, together comprising X% of total exports.

From 2012 to 2023, the biggest increases were recorded for Italy (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-alloy aluminium bar exported from Malaysia were Turkey ($X), Germany ($X) and Italy ($X), together accounting for X% of total exports.

In terms of the main countries of destination, Italy, with a CAGR of X%, recorded 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

The average non-alloy aluminium bar export price stood at $X per ton in 2023, waning by X% against the previous year. In general, export price indicated a mild increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, non-alloy aluminium bar export price increased by X% against 2019 indices. The growth pace was the most rapid in 2022 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton, and then shrank dramatically in the following year.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to India ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Alloy Aluminium Bar Imports

Imports into Malaysia

After three years of growth, purchases abroad of non-alloy aluminium bars, rods and profiles decreased by X% to X tons in 2023. Overall, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Imports peaked at X tons in 2022, and then contracted notably in the following year.

In value terms, non-alloy aluminium bar imports dropped rapidly to $X in 2023. Over the period under review, imports, however, showed a perceptible expansion. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2022, and then shrank notably in the following year.

Imports by Country

Singapore (X tons), China (X tons) and the United States (X tons) were the main suppliers of non-alloy aluminium bar imports to Malaysia, with a combined X% share of total imports. Germany, Switzerland, Taiwan (Chinese), Thailand, India, Japan and Indonesia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for India (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest non-alloy aluminium bar suppliers to Malaysia were Singapore ($X), Germany ($X) and China ($X), with a combined X% share of total imports. Switzerland, the United States, Taiwan (Chinese), Japan, India, Thailand and Indonesia lagged somewhat behind, together comprising a further X%.

Among the main suppliers, India, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average non-alloy aluminium bar import price stood at $X per ton in 2023, rising by X% against the previous year. In general, import price indicated a noticeable expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, non-alloy aluminium bar import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The import price peaked in 2023 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform