Malaysia: Polishes For Coachwork Market 2024

Polishes For Coachwork Market Size in Malaysia

The Malaysian polishes for coachwork market shrank to $X in 2022, with a decrease of X% against the previous year. In general, consumption showed a pronounced decrease. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Polishes For Coachwork Production in Malaysia

In value terms, polishes for coachwork production shrank to $X in 2022 estimated in export price. In general, production showed a pronounced reduction. The most prominent rate of growth was recorded in 2016 with an increase of X%. Polishes for coachwork production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Polishes For Coachwork Exports

Exports from Malaysia

In 2022, the amount of polishes for coachwork exported from Malaysia soared to X tons, jumping by X% on 2021. Overall, exports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, polishes for coachwork exports soared to $X in 2022. In general, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Vietnam (X tons), Thailand (X tons) and the United Arab Emirates (X tons) were the main destinations of polishes for coachwork exports from Malaysia, together comprising X% of total exports. Myanmar, Bangladesh, the UK and China lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Thailand ($X) and the United Arab Emirates ($X) were the largest markets for polishes for coachwork exported from Malaysia worldwide, with a combined X% share of total exports.

Vietnam, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of 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 2022, the average polishes for coachwork export price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, export price indicated a mild 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, polishes for coachwork export price decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the average export price increased by X%. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to China ($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 Brunei Darussalam (X%), while the prices for the other major destinations experienced more modest paces of growth.

Polishes For Coachwork Imports

Imports into Malaysia

After two years of growth, supplies from abroad of polishes for coachwork decreased by X% to X tons in 2022. Over the period under review, imports showed a abrupt setback. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, polishes for coachwork imports amounted to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

China (X tons), the Netherlands (X tons) and the UK (X tons) were the main suppliers of polishes for coachwork imports to Malaysia, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), China ($X) and the United States ($X) constituted the largest polishes for coachwork suppliers to Malaysia, together comprising X% of total imports. The UK, Japan, the Netherlands, South Korea and Italy lagged somewhat behind, together comprising a further X%.

The UK, with a CAGR of X%, 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

In 2022, the average polishes for coachwork import price amounted to $X per ton, picking up by X% against the previous year. In general, import price indicated prominent growth 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, polishes for coachwork import price increased by X% against 2020 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 Singapore ($X per ton), while the price for the Netherlands ($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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform