Malaysia: Cored Arc-Welding Wire Market 2024

Cored Arc-Welding Wire Market Size in Malaysia

The Malaysian cored arc-welding wire market reduced to $X in 2023, which is down by X% against the previous year. Over the period under review, consumption continues to indicate a deep downturn. Cored arc-welding wire consumption peaked at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Cored Arc-Welding Wire Production in Malaysia

In value terms, cored arc-welding wire production shrank modestly to $X in 2023 estimated in export price. In general, production saw a abrupt decrease. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Cored arc-welding wire production peaked at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Cored Arc-Welding Wire Exports

Exports from Malaysia

In 2023, overseas shipments of cored arc-welding wire increased by X% to X tons, rising for the second year in a row after three years of decline. Overall, exports, however, saw a relatively flat trend pattern. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, cored arc-welding wire exports soared to $X in 2023. Over the period under review, total exports indicated a slight expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2021 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

India (X tons), Indonesia (X tons) and Vietnam (X tons) were the main destinations of cored arc-welding wire exports from Malaysia, with a combined X% share of total exports. Saudi Arabia, Singapore, Australia, the United Arab Emirates, Thailand, Egypt, China, Mexico, Turkey and South Korea lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cored arc-welding wire exported from Malaysia were China ($X), India ($X) and Singapore ($X), together comprising X% of total exports. Indonesia, Australia, Vietnam, Saudi Arabia, South Korea, Thailand, the United Arab Emirates, Egypt, Mexico and Turkey lagged somewhat behind, together accounting for a further X%.

Mexico, 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

The average cored arc-welding wire export price stood at $X per ton in 2023, picking up by X% against the previous year. In general, export price indicated a slight expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, cored arc-welding wire export price increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2017 an increase of X%. Over the period under review, the average export prices reached the maximum in 2023 and is likely to continue growth in the immediate term.

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

Cored Arc-Welding Wire Imports

Imports into Malaysia

In 2023, supplies from abroad of cored arc-welding wire increased by X% to X tons, rising for the third consecutive year after four years of decline. Overall, imports enjoyed a prominent increase. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Imports peaked in 2023 and are likely to continue growth in years to come.

In value terms, cored arc-welding wire imports surged to $X in 2023. In general, total imports indicated a measured expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2023, China (X tons) constituted the largest cored arc-welding wire supplier to Malaysia, with a X% share of total imports. Moreover, cored arc-welding wire imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), eightfold. The third position in this ranking was held by South Korea (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and South Korea (X% per year).

In value terms, China ($X) constituted the largest supplier of cored arc-welding wire to Malaysia, comprising X% of total imports. The second position in the ranking was taken by Singapore ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

From 2012 to 2023, the average annual growth rate of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (X% per year) and South Korea (X% per year).

Import Prices by Country

The average cored arc-welding wire import price stood at $X per ton in 2023, with a decrease of X% against the previous year. In general, the import price showed a deep setback. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform