Malaysia: Bentonite Market 2024

Bentonite Market Size in Malaysia

The Malaysian bentonite market was estimated at $X in 2022, growing by 8.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +2.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Bentonite Exports

Exports from Malaysia

In 2022, bentonite exports from Malaysia skyrocketed to X tons, with an increase of 52% on the previous year. In general, exports continue to indicate a prominent increase. The pace of growth was the most pronounced in 2013 when exports increased by 69% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, bentonite exports contracted modestly to $X in 2022. Over the period under review, exports recorded a significant increase. The pace of growth appeared the most rapid in 2013 when exports increased by 137% against the previous year. The exports peaked at $X in 2021, and then reduced modestly in the following year.

Exports by Country

Singapore (X tons) and Brunei Darussalam (X tons) were the main destinations of bentonite exports from Malaysia.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Brunei Darussalam (with a CAGR of +137.6%).

In value terms, the largest markets for bentonite exported from Malaysia were Singapore ($X) and Brunei Darussalam ($X).

Brunei Darussalam, with a CAGR of +120.5%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

In 2022, the average bentonite export price amounted to $X per ton, waning by -37.4% against the previous year. Overall, the export price, however, recorded a buoyant expansion. The growth pace was the most rapid in 2021 an increase of 126% against the previous year. As a result, the export price attained the peak level of $X per ton, and then reduced sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Brunei Darussalam amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+60.5%), while the prices for the other major destinations experienced more modest paces of growth.

Bentonite Imports

Imports into Malaysia

Bentonite imports into Malaysia soared to X tons in 2022, picking up by 37% on the previous year. Over the period under review, total imports indicated a moderate increase from 2012 to 2022: its volume increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -21.3% against 2020 indices. The pace of growth appeared the most rapid in 2013 when imports increased by 67%. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, bentonite imports fell to $X in 2022. The total import value increased at an average annual rate of +4.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when imports increased by 41% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, India (X tons) constituted the largest bentonite supplier to Malaysia, accounting for a 77% share of total imports. Moreover, bentonite imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from India totaled +1.5%.

In value terms, China ($X) constituted the largest supplier of bentonite to Malaysia, comprising 68% of total imports. The second position in the ranking was taken by India ($X), with a 24% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +18.8%.

Import Prices by Country

In 2022, the average bentonite import price amounted to $X per ton, shrinking by -29.8% against the previous year. Over the period under review, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, bentonite import price increased by +17.5% against 2018 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by 88% against the previous year. As a result, import price attained the peak level of $X per ton, and then fell notably in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for India amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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