Malaysia: Alcohols Market 2021

Alcohols Market Size in Malaysia

The Malaysian alcohols market rose remarkably to $X in 2020, picking up by X% against the previous year. Overall, consumption saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the market value increased by X% y-o-y. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2020, consumption stood at a somewhat lower figure.

Alcohols Production in Malaysia

In value terms, alcohols production fell to $X in 2020 estimated in export prices. Over the period under review, the total production indicated a tangible increase 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 growth pace was the most rapid in 2010 with an increase of X% year-to-year. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2020, production remained at a lower figure.

Alcohols Exports

Exports from Malaysia

In 2020, after two years of growth, there was significant decline in overseas shipments of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives, when their volume decreased by -X% to X tons. Overall, total exports indicated a prominent 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. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. Exports peaked at X tons in 2019, and then reduced in the following year.

In value terms, alcohols exports declined significantly to $X in 2020. In general, exports, however, saw modest growth. The pace of growth appeared the most rapid in 2010 with an increase of X% year-to-year. Exports peaked at $X in 2018; however, from 2019 to 2020, exports failed to regain the momentum.

Exports by Country

China (X tons), Indonesia (X tons) and Singapore (X tons) were the main destinations of alcohols exports from Malaysia, together comprising X% of total exports. Thailand, Japan, Vietnam and South Korea lagged somewhat behind, together comprising a further X 2007 to 2020, the biggest increases were in Vietnam, while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for alcohols exported from Malaysia were China ($X), Indonesia ($X) and Japan ($X), with a combined X% share of total exports. Singapore, South Korea, Thailand and Vietnam lagged somewhat behind, together accounting for a further X the main countries of destination, Vietnam 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 2020, the average alcohols export price amounted to $X per ton, declining by -X% against the previous year. Over the period under review, the export price continues to indicate a perceptible decline. The pace of growth was the most pronounced in 2010 when the average export price increased by X% year-to-year. The export price peaked at $X per ton in 2007; however, from 2008 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Japan ($X per ton), while the average price for exports to Vietnam ($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.

Alcohols Imports

Imports into Malaysia

In 2020, purchases abroad of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives increased by X% to X tons, rising for the fifth consecutive year after two years of decline. Overall, total imports 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. Based on 2020 figures, imports increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Over the period under review, imports reached the peak figure in 2020 and are expected to retain growth in the immediate term.

In value terms, alcohols imports dropped remarkably to $X in 2020. In general, total imports indicated modest growth 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. The growth pace was the most rapid in 2017 when imports increased by X% y-o-y. Over the period under review, imports reached the maximum at $X in 2019, and then declined markedly in the following year.

Imports by Country

In 2020, Oman (X tons) constituted the largest alcohols supplier to Malaysia, with a X% share of total imports. Moreover, alcohols imports from Oman exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), twofold. The third position in this ranking was occupied by Saudi Arabia (X tons), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from Oman totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+X% per year) and Saudi Arabia (-X% per year).

In value terms, the largest alcohols suppliers to Malaysia were Oman ($X), China ($X) and Germany ($X), with a combined X% share of total imports.

In terms of the main suppliers, Germany 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 alcohols import price amounted to $X per ton, with a decrease of -X% against the previous year. In general, the import price recorded a mild decrease. The pace of growth was the most pronounced in 2011 when the average import price increased by X% year-to-year. As a result, import price reached the peak level of $X per ton. from 2012 to 2020, the growth in terms of the average import prices remained at a somewhat lower figure.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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