Updated Nov 22, 2022 05:50

Nail And Bolt Market in Malaysia

Market Overview
In , the Malaysian nail and bolt market increased by % to $, rising for the second year in a row after two years of decline. Over the period under review, consumption continues to indicate a mild curtailment. Nail and bolt consumption peaked at $ in 2007; however, from 2008 to , consumption failed to regain momentum.

In value terms, nail and bolt production contracted to $ in estimated in export price. In general, production continues to indicate a pronounced slump. The most prominent rate of growth was recorded in 2011 when the production volume increased by % against the previous year. Nail and bolt production peaked at $ in 2007; however, from 2008 to , production remained at a lower figure.


Consumption
Nail and bolt consumption in Malaysia contracted modestly to tons in , remaining relatively unchanged against figures. Over the period under review, consumption saw a noticeable curtailment. Over the period under review, consumption attained the peak volume at tons in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.

The revenue of the nail and bolt market in Malaysia declined to $ in , reducing 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). Overall, consumption showed a mild shrinkage. Nail and bolt consumption peaked at $ in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.


Market Forecast
Depressed by shrinking demand for nail and bolt in Malaysia, the market is expected to continue its downward consumption trend over the next eight years. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to tons by the end of .

In value terms, the market is forecast to contract 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 .


Trade Balance
Malaysia remains a net exporter of nail and bolt; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a trade surplus of tons, which was equal to $. Those figures reflect the fact that neither imports nor exports don’t dominate the trade balance, and the country may export not only the product manufactured domestically, but also re-export some previously imported goods.