Malaysia: Market for Wire Rod Used For Concrete Reinforcing 2022

Market Size for Wire Rod Used For Concrete Reinforcing in Malaysia

The Malaysian concrete reinforcing wire rod market declined notably to $X in 2021, with a decrease of -X% against the previous year. Over the period under review, consumption showed a deep slump. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Production of Wire Rod Used For Concrete Reinforcing in Malaysia

In value terms, concrete reinforcing wire rod production dropped dramatically to $X in 2021 estimated in export price. In general, production continues to indicate a precipitous curtailment. Over the period under review, production attained the maximum level at $X in 2020, and then reduced notably in the following year.

Exports of Wire Rod Used For Concrete Reinforcing

Exports from Malaysia

In 2021, concrete reinforcing wire rod exports from Malaysia soared to X tons, picking up by X% against 2020. Overall, exports recorded a prominent increase. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to see gradual growth in the immediate term.

In value terms, concrete reinforcing wire rod exports contracted to $X in 2021. Over the period under review, exports posted a buoyant increase. The growth pace was the most rapid in 2020 when exports increased by X%. As a result, the exports attained the peak of $X, and then contracted in the following year.

Exports by Country

China (X tons) was the main destination for concrete reinforcing wire rod exports from Malaysia, accounting for a X% share of total exports. Moreover, concrete reinforcing wire rod exports to China exceeded the volume sent to the second major destination, Thailand (X tons), threefold. The third position in this ranking was taken by South Korea (X tons), with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+X% per year) and South Korea (+X% per year).

In value terms, China ($X) remains the key foreign market for concrete reinforcing wire rod exports from Malaysia, comprising X% of total exports. The second position in the ranking was held by Thailand ($X), with a X% share of total exports. It was followed by South Korea, with a X% share.

From 2012 to 2021, the average annual growth rate of value to China totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+X% per year) and South Korea (+X% per year).

Export Prices by Country

The average concrete reinforcing wire rod export price stood at $X per ton in 2021, with a decrease of -X% against the previous year. In general, the export price saw a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In 2021, the highest price was recorded for prices to South Korea ($X per ton) and Thailand ($X per ton), while the average price for exports to Ghana ($X per ton) and Kenya ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (-X%), while the prices for the other major destinations experienced a decline.

Imports of Wire Rod Used For Concrete Reinforcing

Imports into Malaysia

In 2021, concrete reinforcing wire rod imports into Malaysia surged to X tons, jumping by X% against the previous year's figure. Over the period under review, imports, however, recorded a perceptible descent. 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 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, concrete reinforcing wire rod imports surged to $X in 2021. In general, imports, however, saw a noticeable decrease. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

South Korea (X tons), Indonesia (X tons) and Japan (X tons) were the main suppliers of concrete reinforcing wire rod imports to Malaysia, with a combined X% share of total imports. Vietnam, Singapore and India lagged somewhat behind, together comprising a further X 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), Indonesia ($X) and Japan ($X) appeared to be the largest concrete reinforcing wire rod suppliers to Malaysia, with a combined X% share of total imports. Vietnam, Singapore and India lagged somewhat behind, together accounting for a further X, with a CAGR of +X%, saw the highest rates of growth with regard to the value of imports, in terms of 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 concrete reinforcing wire rod import price stood at $X per ton in 2021, increasing by X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were India ($X per ton) and Vietnam ($X per ton), while the price for Indonesia ($X per ton) and Singapore ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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