Malaysia: Market for Plastic Hoses and Hose Fittings 2024

Market Size for Plastic Hoses and Hose Fittings in Malaysia

The Malaysian market for plastic hoses and hose fittings amounted to $X in 2022, with an increase of X% against the previous year. Overall, consumption enjoyed strong growth. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Plastic Hoses and Hose Fittings in Malaysia

In value terms, plastic hose and hose fitting production expanded notably to $X in 2022 estimated in export price. In general, production continues to indicate a remarkable increase. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Plastic hose and hose fitting production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Plastic Hoses and Hose Fittings

Exports from Malaysia

In 2022, overseas shipments of plastic hoses and hose fittings increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, exports enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, plastic hose and hose fitting exports expanded to $X in 2022. In general, exports continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Australia (X tons) was the main destination for plastic hose and hose fitting exports from Malaysia, accounting for a X% share of total exports. Moreover, plastic hose and hose fitting exports to Australia exceeded the volume sent to the second major destination, Singapore (X tons), twofold. Brazil (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Australia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (X% per year) and Brazil (X% per year).

In value terms, the largest markets for plastic hose and hose fitting exported from Malaysia were Australia ($X), Singapore ($X) and Brazil ($X), with a combined X% share of total exports.

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

The average export price for plastic hoses and hose fittings stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the period under review, the export price, however, posted a resilient increase. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2021, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Japan ($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 Brazil (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastic Hoses and Hose Fittings

Imports into Malaysia

In 2022, imports of plastic hoses and hose fittings into Malaysia skyrocketed to X tons, picking up by X% on the previous year. Overall, total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2019 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, plastic hose and hose fitting imports surged to $X in 2022. In general, imports enjoyed a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest plastic hose and hose fitting supplier to Malaysia, accounting for a X% share of total imports. Moreover, plastic hose and hose fitting imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), fourfold. The third position in this ranking was taken by the United States (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and the United States (X% per year).

In value terms, China ($X), the United States ($X) and Singapore ($X) were the largest plastic hose and hose fitting suppliers to Malaysia, with a combined X% share of total imports. South Korea, Japan, Germany and Thailand lagged somewhat behind, together comprising a further X%.

South Korea, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2022, the average import price for plastic hoses and hose fittings amounted to $X per ton, picking up by X% against the previous year. Overall, import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plastic hose and hose fitting import price increased by X% against 2016 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: 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 Japan (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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