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Malaysia - Hardboard - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMalaysia: Hardboard Market 2024
Hardboard Market Size in Malaysia
The Malaysian hardboard market expanded remarkably to $X in 2022, increasing by 13% against the previous year. Over the period under review, consumption, however, showed a deep downturn. Hardboard consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.
Hardboard Production in Malaysia
In value terms, hardboard production dropped to $X in 2022 estimated in export price. Over the period under review, production recorded a abrupt curtailment. The pace of growth was the most pronounced in 2015 with an increase of 3.9%. Hardboard production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.
Hardboard Exports
Exports from Malaysia
Hardboard exports from Malaysia contracted to X cubic meters in 2022, waning by -12.4% on the year before. Overall, exports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2016 with an increase of 230%. Over the period under review, the exports reached the peak figure at X cubic meters in 2021, and then declined in the following year.
In value terms, hardboard exports dropped to $X in 2022. Over the period under review, exports, however, saw a remarkable increase. The pace of growth was the most pronounced in 2016 when exports increased by 230% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.
Exports by Country
Pakistan (X cubic meters) was the main destination for hardboard exports from Malaysia, with a 33% share of total exports. Moreover, hardboard exports to Pakistan exceeded the volume sent to the second major destination, India (X cubic meters), twofold. The third position in this ranking was taken by Vietnam (X cubic meters), with an 8.2% share.
From 2012 to 2022, the average annual growth rate of volume to Pakistan stood at +46.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+17.5% per year) and Vietnam (+57.2% per year).
In value terms, Pakistan ($X), India ($X) and Canada ($X) constituted the largest markets for hardboard exported from Malaysia worldwide, together comprising 57% of total exports.
Canada, with a CAGR of +82.4%, saw the highest growth rate of the value of exports, among 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 hardboard export price stood at $X per cubic meter in 2022, with an increase of 2.7% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable contraction. The growth pace was the most rapid in 2015 an increase of 4%. The export price peaked at $X per cubic meter in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per cubic meter), while the average price for exports to Vietnam ($X per cubic meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Jordan (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.
Hardboard Imports
Imports into Malaysia
For the fourth consecutive year, Malaysia recorded growth in purchases abroad of hardboard, which increased by 5.7% to X cubic meters in 2022. Overall, imports saw resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of 228%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, hardboard imports shrank sharply to $X in 2022. In general, imports enjoyed prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of 181%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.
Imports by Country
In 2022, Thailand (X cubic meters) constituted the largest hardboard supplier to Malaysia, accounting for a 65% share of total imports. Moreover, hardboard imports from Thailand exceeded the figures recorded by the second-largest supplier, Indonesia (X cubic meters), fourfold. The third position in this ranking was taken by China (X cubic meters), with an 8.5% share.
From 2012 to 2022, the average annual growth rate of volume from Thailand amounted to +75.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+42.1% per year) and China (-3.7% per year).
In value terms, Thailand ($X), Indonesia ($X) and China ($X) were the largest hardboard suppliers to Malaysia, together comprising 82% of total imports.
Among the main suppliers, Thailand, with a CAGR of +58.5%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
The average hardboard import price stood at $X per cubic meter in 2022, declining by -25.8% against the previous year. Over the period under review, the import price saw a abrupt downturn. The most prominent rate of growth was recorded in 2021 when the average import price increased by 21%. Over the period under review, average import prices attained the maximum at $X per cubic meter in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per cubic meter), while the price for Thailand ($X per cubic meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+0.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the hardboard 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:
- FCL 1647 - Hardboard
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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