Malaysia: Lamp Plastic Parts Market 2024

Lamp Plastic Parts Market Size in Malaysia

The Malaysian lamp plastic parts market amounted to $X in 2022, growing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Lamp plastic parts consumption peaked in 2022 and is likely to continue growth in the immediate term.

Lamp Plastic Parts Production in Malaysia

In value terms, lamp plastic parts production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Lamp Plastic Parts Exports

Exports from Malaysia

In 2022, approx. X tons of plastic parts for lamps and lighting fittings were exported from Malaysia; reducing by X% compared with 2021. Overall, exports recorded a abrupt descent. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, lamp plastic parts exports declined dramatically to $X in 2022. Over the period under review, exports continue to indicate a pronounced downturn. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for lamp plastic parts exports from Malaysia, with a X% share of total exports. Moreover, lamp plastic parts exports to the United States exceeded the volume sent to the second major destination, China (X tons), eightfold. The third position in this ranking was held by Indonesia (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Indonesia (X% per year).

In value terms, the United States ($X) emerged as the key foreign market for plastic parts for lamps and lighting fittings exports from Malaysia, comprising X% of total exports. The second position in the ranking was held by Singapore ($X), with a X% share of total exports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (X% per year) and China (X% per year).

Export Prices by Country

In 2022, the average lamp plastic parts export price amounted to $X per ton, waning by X% against the previous year. Over the period under review, the export price, however, enjoyed a temperate expansion. The growth pace was the most rapid in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

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

Lamp Plastic Parts Imports

Imports into Malaysia

In 2022, overseas purchases of plastic parts for lamps and lighting fittings increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, imports posted a strong increase. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, lamp plastic parts imports reduced sharply to $X in 2022. In general, imports showed a mild expansion. The growth pace was the most rapid in 2015 with an increase of X%. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) was the main supplier of lamp plastic parts to Malaysia, accounting for a approx. X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%.

In value terms, China ($X) constituted the largest supplier of plastic parts for lamps and lighting fittings to Malaysia.

From 2012 to 2022, the average annual growth rate of value from China amounted to X%.

Import Prices by Country

In 2022, the average lamp plastic parts import price amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the import price continues to indicate a noticeable shrinkage. The pace of growth appeared the most rapid in 2020 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the average import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to X% per year.

Source: IndexBox Platform

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