Report Update: May 1, 2024

Malaysia - Iron or Steel Cans For Food And Drink - Market Analysis, Forecast, Size, Trends and Insights

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Price for Iron or Steel Can in Malaysia - 2021

Price for Iron or Steel Can in Malaysia (FOB) - 2021

The average iron or steel can export price stood at $209 per thousand units in December 2021, with a decrease of -4.1% against the previous month. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in April 2021 an increase of 9% month-to-month. Over the period under review, the average export prices hit record highs at $219 per thousand units in October 2021; however, from November 2021 to December 2021, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Papua New Guinea ($285 per thousand units), while the average price for exports to Thailand ($177 per thousand units) was amongst the lowest.

From December 2020 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+3.5%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Iron or Steel Can in Malaysia (CIF) - 2021

The average iron or steel can import price stood at $192 per thousand units in December 2021, with a decrease of -19.9% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in March 2021 an increase of 32% against the previous month. The import price peaked at $239 per thousand units in November 2021, and then reduced notably in the following month.

Average prices varied noticeably amongst the major supplying countries. In December 2021, the country with the highest price was Singapore ($225 per thousand units), while the price for China ($188 per thousand units) was amongst the lowest.

From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by Singapore (+1.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Iron or Steel Can in Malaysia

In 2022, exports of iron or steel cans from Malaysia dropped to 117M units, reducing by -2.5% on the previous year. Overall, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 2.2%. As a result, the exports attained the peak of 120M units, and then shrank slightly in the following year.

In value terms, iron or steel can exports dropped to $22M in 2022. The total export value increased at an average annual rate of +1.8% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2021 with an increase of 18% against the previous year. As a result, the exports reached the peak of $24M, and then contracted in the following year.

Export of Iron or Steel Can in Malaysia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Singapore	8.9	8.8	8.9	7.8	-4.3%
Australia	4.6	3.9	3.9	3.7	-7.0%
Bangladesh	0.6	0.6	2.0	1.7	41.5%
Thailand	1.0	1.3	1.7	1.5	14.5%
Philippines	0.2	0.8	1.1	0.9	65.1%
Vietnam	0.9	0.9	1.0	0.9	0.0%
Indonesia	0.9	0.9	0.8	0.8	-3.9%
India	0.6	0.3	0.9	0.8	10.1%
Pakistan	N/A	N/A	0.3	0.6	100.0%
China	0.2	0.3	0.5	0.5	35.7%
New Zealand	0.5	0.5	0.9	0.5	0.0%
Myanmar	0.7	0.4	0.4	0.4	-17.0%
Papua New Guinea	0.4	0.3	0.5	0.4	0.0%
Others	1.7	1.7	1.6	2.2	9.0%
Total	21.3	20.6	24.3	22.5	1.8%

Top Export Markets for Iron or Steel Can from Malaysia in 2022:

Singapore (46.2M units)
Australia (14.8M units)
Bangladesh (9.9M units)
Thailand (9.1M units)
Indonesia (6.4M units)
Vietnam (5.1M units)
Philippines (3.6M units)
Pakistan (2.9M units)
India (2.5M units)
China (2.1M units)
Papua New Guinea (2.0M units)
New Zealand (1.9M units)
Myanmar (1.5M units)

Imports of Iron or Steel Can in Malaysia

Iron or steel can imports into Malaysia plummeted to 50M units in 2022, reducing by -23.6% on the previous year's figure. In general, imports showed a abrupt contraction. The growth pace was the most rapid in 2021 when imports increased by 22% against the previous year. As a result, imports reached the peak of 66M units, and then reduced rapidly in the following year.

In value terms, iron or steel can imports fell to $10M in 2022. Overall, imports recorded a mild descent. The growth pace was the most rapid in 2021 when imports increased by 43% against the previous year. As a result, imports attained the peak of $12M, and then fell in the following year.

Import of Iron or Steel Can in Malaysia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	6.8	4.9	8.1	9.1	10.2%
Singapore	1.8	1.6	1.6	0.4	-39.4%
Thailand	0.6	0.5	0.7	0.2	-30.7%
Spain	0.7	0.8	0.5	0.1	-47.7%
Others	0.7	0.5	1.0	0.4	-17.0%
Total	10.7	8.4	11.9	10.1	-1.9%

Top Suppliers of Iron or Steel Can to Malaysia in 2022:

China (45.1M units)
Singapore (2.7M units)
Thailand (0.9M units)
Spain (0.1M units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for iron or steel can 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 25921133 - Cans used for preserving food and drink of iron or steel, < .50 l, food cans
Prodcom 25921135 - Cans used for preserving food and drink of iron or steel, < .50 l, drinks
Prodcom 25921150 - Cans other than for preserving food and drink of iron or steel, < .50 l

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023