Aluminium Market Overview in Malaysia
In value terms, aluminium production contracted to $ in 2019 estimated in export prices. Overall, production recorded significant growth. The pace of growth was the most pronounced in 2010 when the production volume increased by % against the previous year. Aluminium production peaked at $ in 2018, and then fell in the following year.
The size of the aluminium market in Malaysia soared to $ in 2019, picking up 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, consumption enjoyed strong growth. The most prominent rate of growth was recorded in 2018 when the market value increased by % y-o-y. Over the period under review, the market attained the peak level in 2019 and is expected to retain growth in the near future.