Malaysia - Concrete Reinforcing Bars - Market Analysis, Forecast, Size, Trends And Insights
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View PricingConcrete Reinforcing Bar Price in Malaysia - 2021
Contents:
- Concrete Reinforcing Bar Price in Malaysia (FOB) - 2021
- Concrete Reinforcing Bar Price in Malaysia (CIF) - 2021
- Concrete Reinforcing Bar Exports in Malaysia
- Concrete Reinforcing Bar Imports in Malaysia
Concrete Reinforcing Bar Price in Malaysia (FOB) - 2021
The average concrete reinforcing bar export price stood at $603 per ton in December 2021, waning by -6% against the previous month. In general, export price indicated a temperate increase from December 2020 to December 2021: its price increased at an average monthly rate of +3.4% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2021 figures, concrete reinforcing bar export price decreased by -6.0% against November 2021 indices. The pace of growth was the most pronounced in March 2021 when the average export price increased by 17% month-to-month. Over the period under review, the average export prices hit record highs at $641 per ton in November 2021, and then declined in the following month.
As there is only one major export destination, 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 +3.4% per month.
Concrete Reinforcing Bar Price in Malaysia (CIF) - 2021
In December 2021, the average concrete reinforcing bar import price amounted to $809 per ton, dropping by -2.2% against the previous month. In general, import price indicated noticeable growth from December 2020 to December 2021: its price increased at an average monthly rate of +3.7% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2021 figures, concrete reinforcing bar import price decreased by -16.8% against October 2021 indices. The pace of growth appeared the most rapid in February 2021 an increase of 40% against the previous month. The import price peaked at $972 per ton in October 2021; however, from November 2021 to December 2021, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In December 2021, the countries with the highest prices were Taiwan (Chinese) ($1,130 per ton) and India ($959 per ton), while the price for Singapore ($760 per ton) and Turkey ($765 per ton) were amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by Turkey (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Concrete Reinforcing Bar Exports in Malaysia
For the fourth year in a row, Malaysia recorded growth in overseas shipments of concrete reinforcing bars, which increased by 147% to 1.1M tons in 2022. Overall, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, concrete reinforcing bar exports surged to $775M in 2022. In general, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Concrete Reinforcing Bar in Malaysia (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | N/A | 149 | 228 | 345 | 52.2% |
Hong Kong SAR | 37.1 | 1.5 | 29.4 | 312 | 103.4% |
Australia | 8.9 | 1.0 | 4.5 | 41.3 | 66.8% |
Canada | 14.4 | 2.5 | 2.4 | 22.7 | 16.4% |
New Zealand | 11.9 | 0.5 | 0.9 | 9.1 | -8.6% |
Others | 20.1 | 2.2 | 2.5 | 44.7 | 30.5% |
Total | 92.4 | 157 | 268 | 775 | 103.2% |
Top Export Markets for Concrete Reinforcing Bar from Malaysia in 2022:
- China (536.9K tons)
- Hong Kong SAR (433.2K tons)
- Australia (54.5K tons)
- Canada (29.3K tons)
- New Zealand (14.3K tons)
Concrete Reinforcing Bar Imports in Malaysia
For the third consecutive year, Malaysia recorded decline in overseas purchases of concrete reinforcing bars, which decreased by -2.4% to 74K tons in 2022. Over the period under review, imports saw a sharp slump.
In value terms, concrete reinforcing bar imports totaled $61M in 2022. Overall, imports saw a abrupt slump.
Import of Concrete Reinforcing Bar in Malaysia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 7.3 | 5.0 | 8.0 | 25.8 | 52.3% |
Singapore | 41.8 | 6.2 | 14.1 | 18.1 | -24.3% |
Turkey | 29.8 | 33.2 | 22.3 | 6.1 | -41.1% |
Indonesia | 5.0 | 2.3 | 3.0 | 3.1 | -14.7% |
Japan | 0.5 | 0.1 | 0.3 | 2.0 | 58.7% |
Ukraine | 0.7 | 0.5 | 1.1 | 1.1 | 16.3% |
India | 0.7 | 0.6 | 0.9 | 1.0 | 12.6% |
South Korea | 2.2 | 1.0 | 1.0 | 0.6 | -35.2% |
Others | 6.5 | 3.0 | 3.9 | 3.6 | -17.9% |
Total | 94.6 | 52.0 | 54.7 | 61.5 | -13.4% |
Top Suppliers of Concrete Reinforcing Bar to Malaysia in 2022:
- Singapore (25.9K tons)
- China (23.0K tons)
- Turkey (8.1K tons)
- Indonesia (7.0K tons)
- Ukraine (1.5K tons)
- India (1.4K tons)
- Japan (1.4K tons)
- South Korea (0.9K tons)
This report provides an in-depth analysis of the concrete reinforcing bar 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 2410T241 - Concrete reinforcing bars
- Prodcom 24106210 - Hot-rolled concrete reinforcing bars
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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