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Malaysia - Iron Or Steel Wool - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMetal Wool Price in Malaysia - 2021
Contents:
- Metal Wool Price in Malaysia (CIF) - 2021
- Metal Wool Price in Malaysia (FOB) - 2022
- Metal Wool Imports in Malaysia
- Metal Wool Exports in Malaysia
Metal Wool Price in Malaysia (CIF) - 2021
The average metal wool import price stood at $2,736 per ton in December 2021, declining by -1.9% against the previous month. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2021 an increase of 73% m-o-m. As a result, import price attained the peak level of $4,667 per ton. From April 2021 to December 2021, the average import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From December 2020 to December 2021, the rate of growth in terms of prices for China amounted to +0.2% per month.
Metal Wool Price in Malaysia (FOB) - 2022
In 2022, the average metal wool export price amounted to $4,060 per ton, picking up by 7.2% against the previous year. Overall, the export price, however, continues to indicate a slight reduction. The pace of growth was the most pronounced in 2017 an increase of 36% against the previous year. As a result, the export price attained the peak level of $4,917 per ton. From 2018 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($10,623 per ton), while the average price for exports to Macao SAR ($917 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 Singapore (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.
Metal Wool Imports in Malaysia
In 2022, after three years of growth, there was significant decline in overseas purchases of iron or steel wool, when their volume decreased by -10.5% to 643 tons. The total import volume increased at an average annual rate of +5.1% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 19%. As a result, imports reached the peak of 718 tons, and then declined in the following year.
In value terms, metal wool imports shrank to $1.7M 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 18% against the previous year. As a result, imports reached the peak of $1.9M, and then dropped in the following year.
Import of Metal Wool in Malaysia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 1,127 | 1,038 | 1,296 | 1,443 | 8.6% |
France | 272 | 282 | 328 | 186 | -11.9% |
Others | 298 | 279 | 260 | 112 | -27.8% |
Total | 1,697 | 1,599 | 1,883 | 1,741 | 0.9% |
Top Suppliers of Metal Wool to Malaysia in 2022:
- China (602.8 tons)
- France (16.5 tons)
Metal Wool Exports in Malaysia
Metal wool exports from Malaysia fell dramatically to 110 tons in 2022, dropping by -29.5% against the previous year. In general, exports saw a abrupt contraction. The pace of growth was the most pronounced in 2021 with an increase of 136%. As a result, the exports attained the peak of 157 tons, and then reduced notably in the following year.
In value terms, metal wool exports contracted dramatically to $448K in 2022. Over the period under review, exports saw a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 96%. As a result, the exports reached the peak of $593K, and then contracted markedly in the following year.
Export of Metal Wool in Malaysia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 224 | 48.6 | 202 | 189 | -5.5% |
Australia | 46.8 | 56.8 | 118 | 74.0 | 16.5% |
Pakistan | 49.7 | 48.7 | 51.2 | 35.2 | -10.9% |
United Arab Emirates | 35.5 | 18.8 | 36.3 | 24.0 | -12.2% |
Vietnam | 32.3 | 13.8 | 25.9 | 17.1 | -19.1% |
France | 10.8 | 12.4 | 18.8 | 12.4 | 4.7% |
Indonesia | 15.8 | 7.2 | 10.6 | 7.2 | -23.0% |
Taiwan (Chinese) | 18.3 | 2.0 | 8.4 | 6.1 | -30.7% |
Hong Kong SAR | 21.4 | 9.7 | 3.2 | 5.8 | -35.3% |
Macao SAR | 3.5 | 3.2 | 3.1 | 2.0 | -17.0% |
Others | 126 | 81.9 | 116 | 74.8 | -16.0% |
Total | 584 | 303 | 593 | 448 | -8.5% |
Top Export Markets for Metal Wool from Malaysia in 2022:
- United States (43.4 tons)
- Pakistan (19.3 tons)
- Australia (15.3 tons)
- Vietnam (4.9 tons)
- United Arab Emirates (4.1 tons)
- France (2.9 tons)
- Macao SAR (2.2 tons)
- Indonesia (2.0 tons)
- Hong Kong SAR (1.9 tons)
- Taiwan (Chinese) (1.5 tons)
This report provides an in-depth analysis of the metal wool market in Malaysia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 25991280 - Iron or steel wool, pot scourers and scouring or polishing pads, and gloves and the like
Country coverage:
- Malaysia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Malaysia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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