Malaysia: Anti-Freezing Preparations Market 2024

Anti-Freezing Preparations Market Size in Malaysia

In 2021, the Malaysian anti-freezing preparations 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 recorded a strong expansion. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Anti-Freezing Preparations Exports

Exports from Malaysia

In 2021, exports of anti-freezing preparations and prepared de-icing fluids from Malaysia soared to X tons, rising by 33% compared with 2020 figures. Over the period under review, exports posted a significant increase. The pace of growth was the most pronounced in 2013 when exports increased by 415%. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, anti-freezing preparations exports declined to $X in 2021. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 295% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Singapore (X tons) was the main destination for anti-freezing preparations exports from Malaysia, accounting for a 39% share of total exports. Moreover, anti-freezing preparations exports to Singapore exceeded the volume sent to the second major destination, Myanmar (X tons), twofold. The third position in this ranking was taken by the Philippines (X tons), with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Singapore totaled +36.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Myanmar (+46.1% per year) and the Philippines (+7.0% per year).

In value terms, Singapore ($X) remains the key foreign market for anti-freezing preparations and prepared de-icing fluids exports from Malaysia, comprising 38% of total exports. The second position in the ranking was held by Thailand ($X), with a 19% share of total exports. It was followed by Myanmar, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Singapore stood at +25.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+0.2% per year) and Myanmar (+38.2% per year).

Export Prices by Country

In 2021, the average anti-freezing preparations export price amounted to $X per ton, reducing by -31.1% against the previous year. Over the period under review, the export price continues to indicate a deep reduction. The growth pace was the most rapid in 2015 when the average export price increased by 34%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Cambodia ($X per ton), while the average price for exports to the Philippines ($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 Cambodia (+23.2%), while the prices for the other major destinations experienced a decline.

Anti-Freezing Preparations Imports

Imports into Malaysia

In 2021, overseas purchases of anti-freezing preparations and prepared de-icing fluids were finally on the rise to reach X tons after two years of decline. Overall, imports posted a prominent expansion. The pace of growth appeared the most rapid in 2013 with an increase of 75% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, anti-freezing preparations imports stood at $X in 2021. Over the period under review, imports enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2013 with an increase of 50% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Thailand (X tons) constituted the largest supplier of anti-freezing preparations to Malaysia, accounting for a 41% share of total imports. Moreover, anti-freezing preparations imports from Thailand exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), fourfold. The third position in this ranking was held by Japan (X tons), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Thailand totaled +16.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+13.6% per year) and Japan (+24.4% per year).

In value terms, Thailand ($X), the United States ($X) and Japan ($X) were the largest anti-freezing preparations suppliers to Malaysia, with a combined 64% share of total imports.

The United States, with a CAGR of +41.5%, 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 anti-freezing preparations import price amounted to $X per ton, falling by -16.8% against the previous year. Overall, the import price continues to indicate a noticeable reduction. The growth pace was the most rapid in 2019 when the average import price increased by 16% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for Singapore ($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 UK (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :