Malaysia: Wire And Cable Market 2023 

Wire And Cable Market Size in Malaysia

In 2021, after two years of decline, there was significant growth in the Malaysian wire and cable market, when its value increased by 65% to $X. Overall, consumption saw a significant increase. Over the period under review, the market attained the maximum level in 2021 and is likely to continue growth in years to come.

Wire And Cable Production in Malaysia

In value terms, wire and cable production declined to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.5% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when the production volume increased by 12%. As a result, production reached the peak level of $X, and then contracted in the following year. 

Wire And Cable Exports 
Exports from Malaysia 

In 2021, shipments abroad of insulated wire and cable decreased by -4.3% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, exports showed a pronounced contraction. The growth pace was the most rapid in 2017 when exports increased by 9% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum. 

In value terms, wire and cable exports rose significantly to $X in 2021. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 15%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure. 

Exports by Country 

Singapore (X tons), Thailand (X tons) and Japan (X tons) were the main destinations of wire and cable exports from Malaysia, with a combined 49% share of total exports. 

From 2012 to 2021, the biggest increases were recorded for Japan (with a CAGR of +19.4%), while shipments for the other leaders experienced more modest paces of growth. 

In value terms, Singapore ($X), Thailand ($X) and Japan ($X) appeared to be the largest markets for wire and cable exported from Malaysia worldwide, together comprising 45% of total exports. 

Japan, with a CAGR of +16.0%, saw the highest rates of growth with regard to 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 

The average wire and cable export price stood at $X per ton in 2021, picking up by 11% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.4%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term. 

There were significant differences in the average prices for the major overseas markets. In 2021, 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 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+7.7%), while the prices for the other major destinations experienced more modest paces of growth. 

Wire And Cable Imports 

Imports into Malaysia 

In 2021, after two years of decline, there was significant growth in supplies from abroad of insulated wire and cable, when their volume increased by 50% to X tons. Over the period under review, total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term. 

In value terms, wire and cable imports skyrocketed to $X in 2021. In general, imports continue to indicate a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term. 

Imports by Country 

In 2021, China (X tons) constituted the largest wire and cable supplier to Malaysia, with a 59% share of total imports. Moreover, wire and cable imports from China exceeded the figures recorded by the second-largest supplier, Singapore (X tons), sevenfold. The United States (X tons) ranked third in terms of total imports with a 5.6% share. 

From 2012 to 2021, the average annual growth rate of volume from China totaled +9.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+1.3% per year) and the United States (+4.5% per year). 

In value terms, China ($X) constituted the largest supplier of insulated wire and cable to Malaysia, comprising 45% of total imports. The second position in the ranking was taken by the United States ($X), with a 12% share of total imports. It was followed by Singapore, with a 7.5% share. 

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +11.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+12.8% per year) and Singapore (+1.3% per year). 

Import Prices by Country 

In 2021, the average wire and cable import price amounted to $X per ton, surging by 12% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.8%. The most prominent rate of growth was recorded in 2019 when the average import price increased by 24% against the previous year. The import price peaked in 2021 and is likely to see steady growth in the near future. 

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest. 

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth. 

Source: IndexBox Platform