Malaysia: Market for Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate) 2024

Market Size for Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate) in Malaysia

The Malaysian market for acrylic polymers, in primary forms (excluding polymethyl methacrylate) contracted notably to $X in 2021, declining by -40.8% against the previous year. Over the period under review, consumption recorded a abrupt slump. Consumption of peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Production of Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate) in Malaysia

In value terms, production of acrylic polymers, in primary forms (excluding polymethyl methacrylate) expanded slightly to $X in 2021 estimated in export price. In general, the total production indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +26.8% against 2019 indices. The pace of growth was the most pronounced in 2013 with an increase of 39%. Production of peaked in 2021 and is expected to retain growth in the near future.

Exports of Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate)

Exports from Malaysia

In 2021, the amount of acrylic polymers, in primary forms (excluding polymethyl methacrylate) exported from Malaysia skyrocketed to X tons, with an increase of 21% against the year before. Overall, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2013 with an increase of 54%. The exports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) skyrocketed to $X in 2021. Over the period under review, exports recorded a strong expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 49%. The exports peaked in 2021 and are likely to see steady growth in the near future.

Exports by Country

China (X tons) was the main destination for exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) from Malaysia, with a 41% share of total exports. Moreover, exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) to China exceeded the volume sent to the second major destination, Vietnam (X tons), fourfold. Thailand (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China amounted to +19.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+27.6% per year) and Thailand (+24.2% per year).

In value terms, China ($X) remains the key foreign market for acrylic polymers, in primary forms (excluding polymethyl methacrylate) exports from Malaysia, comprising 51% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 9.8% share of total exports. It was followed by Thailand, with an 8.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China stood at +19.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+26.6% per year) and Thailand (+16.0% per year).

Export Prices by Country

The average export price for acrylic polymers, in primary forms (excluding polymethyl methacrylate) stood at $X per ton in 2021, rising by 20% against the previous year. Overall, the export price, however, continues to indicate a perceptible setback. Over the period under review, the average export prices hit record highs 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 foreign markets. In 2021, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Singapore ($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 (+0.4%), while the prices for the other major destinations experienced a decline.

Imports of Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate)

Imports into Malaysia

Imports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) into Malaysia rose remarkably to X tons in 2021, with an increase of 8.5% against the previous year. The total import volume increased at an average annual rate of +4.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 14%. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, imports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) soared to $X in 2021. The total import value increased at an average annual rate of +1.5% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. Over the period under review, imports of reached the maximum at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons), South Korea (X tons) and Thailand (X tons) were the main suppliers of imports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) to Malaysia, together comprising 59% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +24.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest acrylic polymers, in primary forms (excluding polymethyl methacrylate) suppliers to Malaysia were China ($X), South Korea ($X) and Thailand ($X), together accounting for 51% of total imports.

China, with a CAGR of +18.9%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for acrylic polymers, in primary forms (excluding polymethyl methacrylate) stood at $X per ton in 2021, growing by 8.3% against the previous year. Overall, the import price, however, saw a pronounced descent. The pace of growth appeared the most rapid in 2018 an increase of 14%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+2.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform