Malaysia: Acyclic Hydrocarbons Market 2022

Acyclic Hydrocarbons Market Size in Malaysia

In 2020, the Malaysian acyclic hydrocarbons market decreased by -X% to $X, falling for the second consecutive year after two years of growth. Overall, the total consumption indicated a tangible increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption decreased by -X% against 2018 indices. The growth pace was the most rapid in 2010 when the market value increased by X% against the previous year. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2020, consumption remained at a lower figure.

Acyclic Hydrocarbons Production in Malaysia

In value terms, acyclic hydrocarbons production fell to $X in 2020 estimated in export prices. Overall, the total production indicated tangible growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production decreased by -X% against 2018 indices. The pace of growth was the most pronounced in 2010 when the production volume increased by X% y-o-y. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2020, production remained at a lower figure.

Acyclic Hydrocarbons Exports

Exports from Malaysia

In 2020, overseas shipments of acyclic hydrocarbons decreased by -X% to X tons for the first time since 2017, thus ending a two-year rising trend. In general, total exports indicated moderate growth from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, exports reached the maximum at X tons in 2019, and then reduced in the following year.

In value terms, acyclic hydrocarbons exports contracted notably to $X in 2020. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Over the period under review, exports hit record highs at $X in 2018; however, from 2019 to 2020, exports failed to regain the momentum.

Exports by Country

Indonesia (X tons), China (X tons) and Singapore (X tons) were the main destinations of acyclic hydrocarbons exports from Malaysia, with a combined X% share of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China, while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for acyclic hydrocarbons exported from Malaysia were Indonesia ($X), China ($X) and Singapore ($X), together accounting for X% of total exports.

China recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average acyclic hydrocarbons export price stood at $X per ton in 2020, dropping by -X% against the previous year. Over the period under review, the export price showed a noticeable shrinkage. The pace of growth was the most pronounced in 2010 when the average export price increased by X% y-o-y. Over the period under review, average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Thailand ($X per ton), while the average price for exports to Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to South Korea, while the prices for the other major destinations experienced a decline.

Acyclic Hydrocarbons Imports

Imports into Malaysia

In 2020, approx. X tons of acyclic hydrocarbons were imported into Malaysia; which is down by -X% compared with the previous year's figure. In general, total imports indicated a remarkable increase from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Imports peaked at X tons in 2019, and then declined in the following year.

In value terms, acyclic hydrocarbons imports fell rapidly to $X in 2020. Overall, imports, however, continue to indicate noticeable growth. The most prominent rate of growth was recorded in 2011 when imports increased by X% year-to-year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2020, imports failed to regain the momentum.

Imports by Country

Singapore (X tons), Brunei Darussalam (X tons) and Thailand (X tons) were the main suppliers of acyclic hydrocarbons imports to Malaysia, together accounting for X% of total imports.

From 2007 to 2020, the biggest increases were in Brunei Darussalam (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest acyclic hydrocarbons suppliers to Malaysia were Singapore ($X), India ($X) and Brunei Darussalam ($X), together accounting for X% of total imports.

Among the main suppliers, Brunei Darussalam (+X% per year) recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average acyclic hydrocarbons import price amounted to $X per ton, waning by -X% against the previous year. Overall, the import price recorded a perceptible decrease. The growth pace was the most rapid in 2011 an increase of X% y-o-y. The import price peaked at $X per ton in 2012; however, from 2013 to 2020, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was India ($X per ton), while the price for Brunei Darussalam ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by India, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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