Malaysia: Aromatic Polyamines Market 2024

Aromatic Polyamines Market Size in Malaysia

In 2021, the Malaysian aromatic polyamines market decreased by -56.2% to $X, falling for the second consecutive year after two years of growth. In general, consumption recorded a abrupt contraction. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Aromatic Polyamines Exports

Exports from Malaysia

In 2021, after three years of growth, there was significant decline in shipments abroad of aromatic polyamines and their derivatives, salts thereof, when their volume decreased by -32.4% to X tons. Over the period under review, exports saw a slight shrinkage. The pace of growth was the most pronounced in 2019 when exports increased by 134% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2020, and then fell remarkably in the following year.

In value terms, aromatic polyamines exports contracted remarkably to $X in 2021. In general, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 121% against the previous year. The exports peaked at $X in 2020, and then shrank remarkably in the following year.

Exports by Country

The Philippines (X tons), Singapore (X tons) and Pakistan (X tons) were the main destinations of aromatic polyamines exports from Malaysia, with a combined 81% share of total exports. These countries were followed by Hong Kong SAR, Brunei Darussalam, Vietnam and Thailand, which together accounted for a further 16%.

From 2012 to 2021, the biggest increases were recorded for Brunei Darussalam (with a CAGR of +40.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Philippines ($X), Singapore ($X) and Pakistan ($X) appeared to be the largest markets for aromatic polyamines exported from Malaysia worldwide, together accounting for 79% of total exports. Hong Kong SAR, Vietnam, Thailand and Brunei Darussalam lagged somewhat behind, together accounting for a further 16%.

Vietnam, with a CAGR of +31.6%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average aromatic polyamines export price amounted to $X per ton, waning by -7.5% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 59%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Vietnam ($X per ton), while the average price for exports to Brunei Darussalam ($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 Mexico (+12.5%), while the prices for the other major destinations experienced more modest paces of growth.

Aromatic Polyamines Imports

Imports into Malaysia

In 2021, supplies from abroad of aromatic polyamines and their derivatives, salts thereof decreased by -63.7% to X tons, falling for the second consecutive year after two years of growth. Overall, imports saw a abrupt slump. The most prominent rate of growth was recorded in 2019 with an increase of 69% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, aromatic polyamines imports declined rapidly to $X in 2021. Over the period under review, imports continue to indicate a abrupt setback. The growth pace was the most rapid in 2019 with an increase of 52% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest aromatic polyamines supplier to Malaysia, with a 33% share of total imports. Moreover, aromatic polyamines imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. Taiwan (Chinese) (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -22.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+2.7% per year) and Taiwan (Chinese) (+23.4% per year).

In value terms, China ($X) constituted the largest supplier of aromatic polyamines and their derivatives, salts thereof to Malaysia, comprising 40% of total imports. The second position in the ranking was held by India ($X), with a 13% share of total imports. It was followed by the UK, with an 8.2% share.

From 2012 to 2021, the average annual growth rate of value from China stood at -14.5%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+2.6% per year) and the UK (+83.6% per year).

Import Prices by Country

In 2021, the average aromatic polyamines import price amounted to $X per ton, picking up by 33% against the previous year. In general, import price indicated buoyant growth from 2012 to 2021: its price increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 an increase of 36%. The import price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was China ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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