Malaysia: Market for Bromides And Bromide Oxides, Iodides And Iodide Oxides 2024

Market Size for Bromides And Bromide Oxides, Iodides And Iodide Oxides in Malaysia

In 2021, the Malaysian market for bromides and bromide oxides, iodides and iodide oxides increased by 46% to $X, rising for the second consecutive year after four years of decline. In general, consumption, however, recorded a abrupt decline. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Bromides And Bromide Oxides, Iodides And Iodide Oxides in Malaysia

In value terms, bromides, iodides and oxids thereof production totaled $X in 2021 estimated in export price. Overall, production recorded a sharp curtailment. The most prominent rate of growth was recorded in 2016 when the production volume decreased by -60.1% against the previous year. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Exports of Bromides And Bromide Oxides, Iodides And Iodide Oxides

Exports from Malaysia

After two years of growth, overseas shipments of bromides and bromide oxides, iodides and iodide oxides decreased by -7.5% to X tons in 2021. In general, exports, however, posted a strong expansion. The pace of growth appeared the most rapid in 2019 with an increase of 1,199% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020, and then reduced in the following year.

In value terms, bromides, iodides and oxids thereof exports contracted remarkably to $X in 2021. Over the period under review, exports, however, enjoyed a resilient increase. The pace of growth appeared the most rapid in 2019 with an increase of 833% against the previous year. The exports peaked at $X in 2020, and then shrank significantly in the following year.

Exports by Country

Brunei Darussalam (X tons), the United Arab Emirates (X tons) and Hong Kong SAR (X tons) were the main destinations of bromides, iodides and oxids thereof exports from Malaysia, with a combined 92% share of total exports. China, Vietnam and Singapore lagged somewhat behind, together accounting for a further 6.8%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +339.6%), while the other leaders experienced more modest paces of growth.

In value terms, Brunei Darussalam ($X), the United Arab Emirates ($X) and Hong Kong SAR ($X) constituted the largest markets for bromides, iodides and oxids thereof exported from Malaysia worldwide, together comprising 88% of total exports. Vietnam, China and Singapore lagged somewhat behind, together accounting for a further 9.7%.

Among the main countries of destination, China, with a CAGR of +277.0%, 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

The average export price for bromides and bromide oxides, iodides and iodide oxides stood at $X per ton in 2021, shrinking by -14.2% against the previous year. Over the period under review, the export price showed a slight shrinkage. The most prominent rate of growth was recorded in 2017 an increase of 68%. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the 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 Egypt (+49.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Bromides And Bromide Oxides, Iodides And Iodide Oxides

Imports into Malaysia

In 2021, approx. X tons of bromides and bromide oxides, iodides and iodide oxides were imported into Malaysia; growing by 25% on the year before. In general, imports, however, continue to indicate a mild decrease. The most prominent rate of growth was recorded in 2019 when imports increased by 123% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, bromides, iodides and oxids thereof imports soared to $X in 2021. Over the period under review, imports, however, showed a noticeable curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 84% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), Jordan (X tons) and Brunei Darussalam (X tons) were the main suppliers of bromides, iodides and oxids thereof imports to Malaysia, together accounting for 69% of total imports. Djibouti, Lao People's Democratic Republic, the United States, Vietnam, Taiwan (Chinese), the United Arab Emirates and India lagged somewhat behind, together comprising a further 30%.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +74.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest bromides, iodides and oxids thereof suppliers to Malaysia were China ($X), Jordan ($X) and Djibouti ($X), with a combined 60% share of total imports. These countries were followed by Brunei Darussalam, Taiwan (Chinese), Lao People's Democratic Republic, the United States, India, Vietnam and the United Arab Emirates, which together accounted for a further 33%.

Vietnam, with a CAGR of +65.0%, 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 import price for bromides and bromide oxides, iodides and iodide oxides stood at $X per ton in 2021, with a decrease of -3.4% against the previous year. Overall, the import price saw a noticeable curtailment. The most prominent rate of growth was recorded in 2015 when the average import price increased by 34%. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Djibouti (+13.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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