Abrasives Market in Malaysia
Market Overview
The Malaysian abrasives market reduced to $
in , waning by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a perceptible expansion from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against 2019 indices. Over the period under review, the market attained the maximum level at $ in 2019; however, from to , consumption remained at a lower figure.
In value terms, abrasives production rose slightly to $ in estimated in export price. Over the period under review, production, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of % against the previous year. As a result, production attained the peak level of $. From 2019 to , production growth failed to regain momentum.
in , waning by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a perceptible expansion from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against 2019 indices. Over the period under review, the market attained the maximum level at $ in 2019; however, from to , consumption remained at a lower figure.In value terms, abrasives production rose slightly to $
in estimated in export price. Over the period under review, production, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of % against the previous year. As a result, production attained the peak level of $. From 2019 to , production growth failed to regain momentum.Consumption
In , consumption of abrasives (natural) in Malaysia dropped to tons, with a decrease of -% compared with . Overall, consumption, however, continues to indicate a relatively flat trend pattern. Abrasives consumption peaked at tons in 2019; however, from to , consumption remained at a lower figure.
The value of the abrasives market in Malaysia dropped to $ in , which is down by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a perceptible expansion from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against 2019 indices. Over the period under review, the market attained the maximum level at $ in 2019; however, from to , consumption stood at a somewhat lower figure.
, consumption of abrasives (natural) in Malaysia dropped to tons, with a decrease of -% compared with . Overall, consumption, however, continues to indicate a relatively flat trend pattern. Abrasives consumption peaked at tons in 2019; however, from to , consumption remained at a lower figure.The value of the abrasives market in Malaysia dropped to $
in , which is down by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a perceptible expansion from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against 2019 indices. Over the period under review, the market attained the maximum level at $ in 2019; however, from to , consumption stood at a somewhat lower figure.Market Forecast
Driven by increasing demand for abrasives (natural) in Malaysia, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .
In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to bring the market volume to tons by the end of .In value terms, the market is forecast to increase with an anticipated CAGR of +
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Abrasives market in Malaysia remained dependent on supplies from foreign countries. In , the share of imports in total consumption was % in value terms and % in physical terms. Affected by an intensive growth in domestic production, which will gradually displace imported products from the market, the share of imports decreased from % in 2007 to % in . Malaysia domestic supply is expected to continue its growth. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.
, the share of imports in total consumption was % in value terms and % in physical terms. Affected by an intensive growth in domestic production, which will gradually displace imported products from the market, the share of imports decreased from % in 2007 to % in . Malaysia domestic supply is expected to continue its growth. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.Trade Balance
Malaysia remains a net importer of abrasives; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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