Report Update Nov 1, 2024

Malaysia - Alkyd Resins in Primary Forms - Market Analysis, Forecast, Size, Trends and Insights

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Malaysia: Alkyd Resins Market 2024

Alkyd Resins Market Size in Malaysia

In 2022, the Malaysian alkyd resins market decreased by -7.7% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption saw a relatively flat trend pattern. Alkyd resins consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Alkyd Resins Production in Malaysia

In value terms, alkyd resins production dropped to $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 10% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Alkyd Resins Exports

Exports from Malaysia

In 2022, alkyd resins exports from Malaysia shrank modestly to X tons, therefore, remained relatively stable against 2021. Overall, total exports indicated a perceptible increase from 2012 to 2022: its volume increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +1.1% against 2020 indices. The most prominent rate of growth was recorded in 2018 when exports increased by 25% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, alkyd resins exports reduced slightly to $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 29% against the previous year. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Myanmar (X tons) was the main destination for alkyd resins exports from Malaysia, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Myanmar stood at +42.1%.

In value terms, Myanmar ($X) emerged as the key foreign market for alkyd resins in primary forms exports from Malaysia.

From 2012 to 2022, the average annual growth rate of value to Myanmar amounted to +37.9%.

Export Prices by Country

The average alkyd resins export price stood at $X per ton in 2022, declining by -2% against the previous year. Over the period under review, the export price recorded a pronounced downturn. The most prominent rate of growth was recorded in 2020 when the average export price increased by 9.4% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Myanmar.

From 2012 to 2022, the rate of growth in terms of prices for Sri Lanka amounted to -0.9% per year.

Alkyd Resins Imports

Imports into Malaysia

In 2022, imports of alkyd resins in primary forms into Malaysia shrank to X tons, waning by -4.3% against 2021. In general, imports saw a perceptible reduction. The growth pace was the most rapid in 2017 when imports increased by 17% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, alkyd resins imports fell to $X in 2022. Overall, imports saw a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 22% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Myanmar (X tons) constituted the largest supplier of alkyd resins to Malaysia, accounting for a 54% share of total imports. Moreover, alkyd resins imports from Myanmar exceeded the figures recorded by the second-largest supplier, the Philippines (X tons), threefold. The third position in this ranking was held by Egypt (X tons), with a 5.3% share.

From 2012 to 2022, the average annual growth rate of volume from Myanmar totaled +216.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Philippines (+49.3% per year) and Egypt (+24.0% per year).

In value terms, the largest alkyd resins suppliers to Malaysia were Myanmar ($X), Singapore ($X) and Egypt ($X), with a combined 41% share of total imports.

Among the main suppliers, Myanmar, with a CAGR of +347.6%, 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

The average alkyd resins import price stood at $X per ton in 2022, shrinking by -4.8% against the previous year. In general, the import price saw a noticeable descent. The pace of growth appeared the most rapid in 2021 an increase of 9.1% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($X per ton), while the price for the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Myanmar (+41.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for alkyd resins in primary forms in the world?

China remains the largest alkyd resins consuming country worldwide, accounting for 23% of total volume. Moreover, alkyd resins consumption in China exceeded the figures recorded by the second-largest consumer, Germany, twofold. The United States ranked third in terms of total consumption with an 8.5% share.

What are the largest producers of alkyd resins in primary forms in the world?

China remains the largest alkyd resins producing country worldwide, accounting for 23% of total volume. Moreover, alkyd resins production in China exceeded the figures recorded by the second-largest producer, Germany, twofold. The third position in this ranking was occupied by the United States, with a 9.3% share.

What are the leading suppliers of alkyd resins in primary forms to Malaysia?

In value terms, Indonesia, Taiwan Chinese) and Japan constituted the largest alkyd resins suppliers to Malaysia, with a combined 85% share of total imports. Myanmar, Thailand and China lagged somewhat behind, together comprising a further 8.6%.

What are the leading importers of alkyd resins in primary forms from Malaysia?

In value terms, Vietnam remains the key foreign market for alkyd resins exports from Malaysia, comprising 45% of total exports. The second position in the ranking was occupied by Singapore, with an 11% share of total exports. It was followed by China, with an 8.2% share.

What is the average export price for alkyd resins in primary forms in Malaysia?

The average alkyd resins export price stood at $1,633 per ton in 2021, rising by 4.2% against the previous year.

What is the average import price for alkyd resins in primary forms in Malaysia?

The average alkyd resins import price stood at $1,565 per ton in 2021, waning by -14.1% against the previous year.

This report provides an in-depth analysis of the alkyd resins market in Malaysia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20164050 - Alkyd resins, in primary forms

Country coverage:

Malaysia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Malaysia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
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While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023