ASEAN's second largest wire and cable market - Malaysia is China's largest supplier

Malaysia is a country of rapid growth, the sixties dependent on agriculture and natural product development to today by the export sector led economic model, high-tech, knowledge-based and capital-intensive industries. Malaysia's manufacturing, construction and services is to support the three pillars of its economy.

Wire and cable products wide range of applications, involving electric power, construction, communications, manufacturing and other industries, is known as an economic "arteries" and "nervous." Malaysia's rapid development is inseparable from the construction of infrastructure and facilities in the wire and cable. With the "Eleventh Malaysia Plan" launched, overall demand has even pushed to a new height.

Malaysia is ASEAN's second largest wire and cable market potential should not be underestimated. Although Malaysia is ASEAN's largest wire and cable producer, but due to backward technology and production capacity, is still dependent on imports.

At present, the overall size of China wire and cable industry, the overall production capacity and the growth rate has leapt to first in the world. China's wire and cable not only meets 90% of the domestic market, it is bold and went out. At present, China has become Malaysia's largest consecutive years of wire and cable supplier, accounting for 1/4 of the total purchases.

2015 China Wire and Cable cumulative export volume of about 2.304 million tons, an increase of 0.5%; exports amounting to approximately $ 21.42 billion. Malaysia's exports to $ 402 million, an increase of 28.8%, the fastest growing of all exporting countries.