Malaysia: Abs Copolymers Market 2024

Abs Copolymers Market Size in Malaysia

In 2021, the Malaysian ABS copolymers market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption enjoyed a resilient increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Abs Copolymers Production in Malaysia

In value terms, ABS copolymers production skyrocketed to $X in 2021 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 31% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Abs Copolymers Exports

Exports from Malaysia

In 2021, approx. X tons of acrylonitrile-butadiene-styrene (abs) copolymers in primary forms were exported from Malaysia; growing by 11% compared with the previous year. Over the period under review, total exports indicated a noticeable expansion from 2012 to 2021: its volume increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -3.3% against 2019 indices. The most prominent rate of growth was recorded in 2018 when exports increased by 29%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, ABS copolymers exports surged to $X in 2021. Overall, total exports indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X tons) was the main destination for ABS copolymers exports from Malaysia, accounting for a 61% share of total exports. Moreover, ABS copolymers exports to China exceeded the volume sent to the second major destination, Indonesia (X tons), sevenfold. The third position in this ranking was held by Thailand (X tons), with an 8.6% share.

From 2012 to 2021, the average annual growth rate of volume to China totaled +19.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-4.2% per year) and Thailand (-1.7% per year).

In value terms, China ($X) remains the key foreign market for acrylonitrile-butadiene-styrene (abs) copolymers in primary forms exports from Malaysia, comprising 54% of total exports. The second position in the ranking was held by Indonesia ($X), with an 11% share of total exports. It was followed by Thailand, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China stood at +14.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-4.9% per year) and Thailand (-3.6% per year).

Export Prices by Country

The average ABS copolymers export price stood at $X per ton in 2021, surging by 38% against the previous year. In general, the export price, however, continues to indicate a pronounced setback. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Singapore ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+0.7%), while the prices for the other major destinations experienced a decline.

Abs Copolymers Imports

Imports into Malaysia

In 2021, supplies from abroad of acrylonitrile-butadiene-styrene (abs) copolymers in primary forms increased by 128% to X tons, rising for the fifth consecutive year after two years of decline. Overall, imports continue to indicate a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, ABS copolymers imports skyrocketed to $X in 2021. Over the period under review, imports saw a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Japan (X tons), South Korea (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of ABS copolymers imports to Malaysia, together comprising 42% of total imports. Spain, China, Hong Kong SAR, the United States, Poland, Belgium, Greece, Italy, Singapore and Slovenia lagged somewhat behind, together comprising a further 46%.

From 2012 to 2021, the biggest increases were recorded for Greece (with a CAGR of +393.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest ABS copolymers suppliers to Malaysia were South Korea ($X), Taiwan (Chinese) ($X) and China ($X), with a combined 53% share of total imports. These countries were followed by Japan, the United States, Spain, Hong Kong SAR, Poland, Singapore, Belgium, Italy, Greece and Slovenia, which together accounted for a further 36%.

Greece, with a CAGR of +400.7%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average ABS copolymers import price amounted to $X per ton, with a decrease of -11.6% against the previous year. In general, the import price saw a abrupt setback. The growth pace was the most rapid in 2017 when the average import price increased by 14%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was China ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Greece (+1.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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