Malaysia: Metal Filing Cabinet Market 2024

Metal Filing Cabinet Market Size in Malaysia

The Malaysian metal filing cabinet market expanded remarkably to $X in 2023, picking up by X% against the previous year. Over the period under review, consumption, however, saw a slight contraction. Metal filing cabinet consumption peaked at $X in 2016; however, from 2017 to 2023, consumption stood at a somewhat lower figure.

Metal Filing Cabinet Production in Malaysia

In value terms, metal filing cabinet production rose modestly to $X in 2023 estimated in export price. In general, production saw a abrupt decline. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2023, production remained at a lower figure.

Metal Filing Cabinet Exports

Exports from Malaysia

In 2023, approx. X tons of filing cabinets, card-index cabinets or desk equipment of base metal were exported from Malaysia; which is down by X% on the previous year's figure. Overall, exports recorded a deep contraction. The pace of growth appeared the most rapid in 2018 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2023, the exports remained at a lower figure.

In value terms, metal filing cabinet exports dropped sharply to $X in 2023. In general, exports showed a deep slump. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2023, the exports remained at a lower figure.

Exports by Country

Indonesia (X tons) was the main destination for metal filing cabinet exports from Malaysia, with a X% share of total exports. Moreover, metal filing cabinet exports to Indonesia exceeded the volume sent to the second major destination, Singapore (X tons), threefold. Kenya (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2023, the average annual growth rate of volume to Indonesia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (X% per year) and Kenya (X% per year).

In value terms, the largest markets for metal filing cabinet exported from Malaysia were Indonesia ($X), Singapore ($X) and Japan ($X), with a combined X% share of total exports. Hong Kong SAR, the Philippines, Australia, the United States, the United Arab Emirates, Brunei Darussalam, Kenya, Thailand and Papua New Guinea lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, the Philippines, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, 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 filing cabinet export price amounted to $X per ton, falling by X% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Kenya ($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 Thailand (X%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Filing Cabinet Imports

Imports into Malaysia

In 2023, supplies from abroad of filing cabinets, card-index cabinets or desk equipment of base metal was finally on the rise to reach X tons for the first time since 2020, thus ending a two-year declining trend. In general, imports showed a remarkable increase. The pace of growth appeared the most rapid in 2018 with an increase of X%. Imports peaked at X tons in 2020; however, from 2021 to 2023, imports failed to regain momentum.

In value terms, metal filing cabinet imports shrank to $X in 2023. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, China (X tons) was the main supplier of metal filing cabinet to Malaysia, with a X% share of total imports. It was followed by Singapore (X tons), with a X% share of total imports.

From 2012 to 2023, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (X% per year) and Hong Kong SAR (X% per year).

In value terms, China ($X) constituted the largest supplier of filing cabinets, card-index cabinets or desk equipment of base metal to Malaysia, comprising X% of total imports. The second position in the ranking was held by Singapore ($X), with a X% share of total imports.

From 2012 to 2023, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (X% per year) and Hong Kong SAR (X% per year).

Import Prices by Country

In 2023, the average metal filing cabinet import price amounted to $X per ton, falling by X% against the previous year. Over the period under review, the import price saw a deep reduction. The growth pace was the most rapid in 2022 an increase of X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

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 Singapore ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform