Malaysia: Metal Self-Locking Nut Market 2024

Metal Self-Locking Nut Market Size in Malaysia

The Malaysian metal self-locking nut market dropped significantly to $X in 2023, which is down by X% against the previous year. Over the period under review, the total consumption indicated a moderate expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2022, and then contracted rapidly in the following year.

Metal Self-Locking Nut Production in Malaysia

In value terms, metal self-locking nut production fell modestly to $X in 2023 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. Metal self-locking nut production peaked at $X in 2018; however, from 2019 to 2023, production stood at a somewhat lower figure.

Metal Self-Locking Nut Exports

Exports from Malaysia

In 2023, the amount of iron or steel nuts (including self-locking nuts) exported from Malaysia rose slightly to X tons, surging by X% on the previous year. Over the period under review, exports, however, recorded a pronounced decline. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

In value terms, metal self-locking nut exports dropped to $X in 2023. In general, exports, however, recorded a pronounced curtailment. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

Exports by Country

Poland (X tons), Germany (X tons) and Ukraine (X tons) were the main destinations of metal self-locking nut exports from Malaysia, with a combined X% share of total exports. Singapore, the United States, Turkey, Thailand, the Netherlands, Italy, India, Indonesia, South Korea and Romania lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Romania (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Singapore ($X) and Germany ($X) constituted the largest markets for metal self-locking nut exported from Malaysia worldwide, with a combined X% share of total exports. Poland, Thailand, Turkey, Ukraine, the Netherlands, Italy, South Korea, Indonesia, India and Romania lagged somewhat behind, together comprising a further X%.

Romania, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2023, the average metal self-locking nut export price amounted to $X per ton, shrinking by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The growth pace was the most rapid in 2022 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton, and then contracted in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Romania ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Self-Locking Nut Imports

Imports into Malaysia

In 2023, approx. X tons of iron or steel nuts (including self-locking nuts) were imported into Malaysia; picking up by X% compared with the year before. Over the period under review, total imports indicated a prominent increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2022 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2023 and are expected to retain growth in the immediate term.

In value terms, metal self-locking nut imports rose significantly to $X in 2023. Overall, total imports indicated resilient growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked in 2023 and are expected to retain growth in the near future.

Imports by Country

In 2023, China (X tons) constituted the largest metal self-locking nut supplier to Malaysia, with a X% share of total imports. Moreover, metal self-locking nut imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), sevenfold. Singapore (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual growth rate 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 ($X) constituted the largest supplier of iron or steel nuts (including self-locking nuts) to Malaysia, comprising X% of total imports. The second position in the ranking was taken by Japan ($X), with a X% share of total imports. It was followed by Singapore, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and Singapore (X% per year).

Import Prices by Country

The average metal self-locking nut import price stood at $X per ton in 2023, declining by X% against the previous year. Overall, the import price saw a abrupt shrinkage. The growth pace was the most rapid in 2020 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2021; however, from 2022 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2023, 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