Malaysia: Antimony Market 2024

Antimony Market Size in Malaysia

In 2022, the Malaysian antimony market decreased by -14.4% to $X, falling for the third year in a row after two years of growth. Overall, consumption, however, showed a resilient expansion. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Antimony Production in Malaysia

In value terms, antimony production contracted remarkably to $X in 2022 estimated in export price. Over the period under review, production, however, showed a deep contraction. The pace of growth appeared the most rapid in 2017 with an increase of 39%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Antimony Exports

Exports from Malaysia

Antimony exports from Malaysia shrank sharply to X tons in 2022, waning by -18.7% on 2021. Over the period under review, exports, however, enjoyed prominent growth. The pace of growth appeared the most rapid in 2013 when exports increased by 182%. The exports peaked at X tons in 2021, and then shrank significantly in the following year.

In value terms, antimony exports declined notably to $X in 2022. Overall, exports, however, enjoyed a prominent increase. The growth pace was the most rapid in 2017 when exports increased by 131% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then contracted dramatically in the following year.

Exports by Country

The Philippines (X tons) was the main destination for antimony exports from Malaysia, accounting for a 74% share of total exports. Moreover, antimony exports to the Philippines exceeded the volume sent to the second major destination, Singapore (X tons), sixfold. The third position in this ranking was held by Japan (X tons), with a 10% share.

From 2012 to 2022, the average annual growth rate of volume to the Philippines totaled +19.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+15.1% per year) and Japan (+31.2% per year).

In value terms, the largest markets for antimony exported from Malaysia were Singapore ($X), the Philippines ($X) and Japan ($X), together comprising 87% of total exports.

Among the main countries of destination, Japan, with a CAGR of +23.1%, recorded 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 2022, the average antimony export price amounted to $X per ton, with a decrease of -14% against the previous year. In general, the export price saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2020 when the average export price increased by 49%. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+15.9%), while the prices for the other major destinations experienced mixed trend patterns.

Antimony Imports

Imports into Malaysia

In 2022, purchases abroad of antimony decreased by -61.8% to X tons, falling for the second year in a row after four years of growth. In general, imports showed a abrupt setback. The pace of growth appeared the most rapid in 2013 when imports increased by 304% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, antimony imports shrank remarkably to $X in 2022. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by 778%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

China (X tons), Indonesia (X tons) and the UK (X tons) were the main suppliers of antimony imports to Malaysia, with a combined 55% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +27.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest antimony suppliers to Malaysia were China ($X), the UK ($X) and Thailand ($X), together comprising 57% of total imports. Japan, Indonesia, Hong Kong SAR and Australia lagged somewhat behind, together comprising a further 31%.

Indonesia, with a CAGR of +27.3%, recorded the highest growth rate of 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 antimony import price stood at $X per ton in 2022, picking up by 37% against the previous year. In general, import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, antimony import price increased by +41.6% against 2020 indices. The most prominent rate of growth was recorded in 2013 an increase of 117%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average 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 Japan ($X per ton), while the price for Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform