Malaysia: Nail And Bolt Market 2024

Nail And Bolt Market Size in Malaysia

For the third consecutive year, the Malaysian nail and bolt market recorded growth in sales value, which increased by X% to $X in 2022. In general, the total consumption indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2019 indices. Nail and bolt consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Nail And Bolt Production in Malaysia

In value terms, nail and bolt production dropped modestly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Nail And Bolt Exports

Exports from Malaysia

In 2022, approx. X tons of nails, tacks, staples, screws and bolts were exported from Malaysia; dropping by X% on the previous year. In general, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X%. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, nail and bolt exports reduced slightly to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for nail and bolt exports from Malaysia, accounting for a X% share of total exports. Moreover, nail and bolt exports to the United States exceeded the volume sent to the second major destination, Germany (X tons), fourfold. Singapore (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Singapore (X% per year).

In value terms, the United States ($X), Singapore ($X) and Thailand ($X) constituted the largest markets for nail and bolt exported from Malaysia worldwide, together comprising X% of total exports. Germany, Turkey, Canada, the Netherlands, Sweden, Indonesia, Italy, Poland, France and Ukraine lagged somewhat behind, together comprising a further X%.

Ukraine, with a CAGR of X%, 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 nail and bolt export price stood at $X per ton in 2022, remaining stable against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2018 an increase of X%. The export price peaked in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to Ukraine ($X 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 Thailand (X%), while the prices for the other major destinations experienced more modest paces of growth.

Nail And Bolt Imports

Imports into Malaysia

In 2022, supplies from abroad of nails, tacks, staples, screws and bolts increased by X% to X tons, rising for the second consecutive year after four years of decline. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, nail and bolt imports soared to $X in 2022. Overall, total imports indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of nail and bolt to Malaysia, with a X% share of total imports. Moreover, nail and bolt imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), ninefold. Singapore (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and Singapore (X% per year).

In value terms, China ($X), Singapore ($X) and Japan ($X) constituted the largest nail and bolt suppliers to Malaysia, together accounting for X% of total imports. The United States, Taiwan (Chinese), Thailand, Germany, Hong Kong SAR, Indonesia, South Korea, the UK and Vietnam lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Indonesia, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2022, the average nail and bolt import price amounted to $X per ton, remaining constant against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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