Malaysia: Wire And Cable Market 2024

Wire And Cable Market Size in Malaysia

The Malaysian wire and cable market expanded remarkably to $X in 2023, increasing by X% against the previous year. In general, the total consumption indicated a moderate increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2014 indices. Wire and cable consumption peaked in 2023 and is expected to retain growth in years to come.

Wire And Cable Production in Malaysia

In value terms, wire and cable production rose modestly to $X in 2023 estimated in export price. Over the period under review, the total production indicated a tangible increase 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, production decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2019 with an increase of X%. Wire and cable production peaked at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Wire And Cable Exports

Exports from Malaysia

Wire and cable exports from Malaysia contracted to X tons in 2023, falling by X% on the year before. Over the period under review, exports recorded a noticeable contraction. The growth pace was the most rapid in 2016 when exports increased by X%. The exports peaked at X tons in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, wire and cable exports fell to $X in 2023. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2022, and then shrank in the following year.

Exports by Country

Singapore (X tons), Japan (X tons) and Thailand (X tons) were the main destinations of wire and cable exports from Malaysia, together accounting for X% of total exports.

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

In value terms, Singapore ($X), Japan ($X) and Thailand ($X) appeared to be the largest markets for wire and cable exported from Malaysia worldwide, with a combined X% share of total exports.

Japan, with a CAGR of X%, recorded 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 2023, the average wire and cable export price amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period under review, export price indicated a temperate increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, wire and cable export price increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure in 2023 and is expected to retain growth in the immediate term.

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

Wire And Cable Imports

Imports into Malaysia

In 2023, the amount of insulated wire and cable imported into Malaysia skyrocketed to X tons, with an increase of X% on the year before. Over the period under review, total imports indicated strong growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. 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. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2023 and are likely to see gradual growth in the near future.

In value terms, wire and cable imports dropped to $X in 2023. In general, imports recorded a pronounced increase. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2022, and then contracted in the following year.

Imports by Country

In 2023, China (X tons) constituted the largest wire and cable supplier to Malaysia, with a X% share of total imports. Moreover, wire and cable imports from China exceeded the figures recorded by the second-largest supplier, Singapore (X tons), more than tenfold. Germany (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, 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: Singapore (X% per year) and Germany (X% per year).

In value terms, China ($X) constituted the largest supplier of insulated wire and cable to Malaysia, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with an X% share of total imports. It was followed by Singapore, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Singapore (X% per year).

Import Prices by Country

In 2023, the average wire and cable import price amounted to $X per ton, waning by X% against the previous year. Over the period under review, the import price continues to indicate a mild contraction. The most prominent rate of growth was recorded in 2022 an increase of X%. As a result, import price reached the peak level of $X per ton, and then declined dramatically in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for India ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform