Market for Iron Or Steel Sanitary Ware in Malaysia
Market Overview
The Malaysian market for sanitary ware and parts of iron or steel contracted slightly to $
in , approximately mirroring 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, the total consumption indicated a strong increase 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 2018 indices. Iron or steel sanitary ware consumption peaked at $ in 2013; however, from 2014 to , consumption remained at a lower figure.
In value terms, iron or steel sanitary ware production rose to $ in estimated in export price. In general, the total production indicated a remarkable increase 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, production decreased by -% against indices. The most prominent rate of growth was recorded in 2017 with an increase of % against the previous year. Iron or steel sanitary ware production peaked at $ in 2013; however, from 2014 to , production failed to regain momentum.
in , approximately mirroring 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, the total consumption indicated a strong increase 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 2018 indices. Iron or steel sanitary ware consumption peaked at $ in 2013; however, from 2014 to , consumption remained at a lower figure.In value terms, iron or steel sanitary ware production rose to $
in estimated in export price. In general, the total production indicated a remarkable increase 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, production decreased by -% against indices. The most prominent rate of growth was recorded in 2017 with an increase of % against the previous year. Iron or steel sanitary ware production peaked at $ in 2013; however, from 2014 to , production failed to regain momentum.Consumption
Iron or steel sanitary ware consumption in Malaysia amounted to tons in , stabilizing at the year before. In general, the total consumption indicated a resilient increase from 2007 to : its volume 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 indices. Over the period under review, consumption attained the maximum volume at tons in ; however, from to , consumption failed to regain momentum.
The value of the market for sanitary ware and parts of iron or steel in Malaysia shrank slightly to $ in , remaining constant 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, the total consumption indicated strong growth 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 2018 indices. Iron or steel sanitary ware consumption peaked at $ in 2013; however, from 2014 to , consumption failed to regain momentum.
tons in , stabilizing at the year before. In general, the total consumption indicated a resilient increase from 2007 to : its volume 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 indices. Over the period under review, consumption attained the maximum volume at tons in ; however, from to , consumption failed to regain momentum.The value of the market for sanitary ware and parts of iron or steel in Malaysia shrank slightly to $
in , remaining constant 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, the total consumption indicated strong growth 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 2018 indices. Iron or steel sanitary ware consumption peaked at $ in 2013; however, from 2014 to , consumption failed to regain momentum.Market Forecast
Driven by increasing demand for sanitary ware and parts of iron or steel in Malaysia, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, 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
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 2007 to % in . Malaysia domestic supply is expected to continue its growth.Trade Balance
Malaysia remains a net importer of iron or steel sanitary ware; 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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