Malaysia: Buta-1,3-Diene And Isoprene Market 2024

Buta-1,3-Diene And Isoprene Market Size in Malaysia

The Malaysian buta-1,3-diene and isoprene market shrank to $X in 2022, waning by -7.7% against the previous year. Overall, the total consumption indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +8.7% against 2020 indices. Over the period under review, the market hit record highs at $X in 2021, and then reduced in the following year.

Buta-1,3-Diene And Isoprene Production in Malaysia

In value terms, buta-1,3-diene and isoprene production rose slightly to $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the production volume increased by 89%. Buta-1,3-diene and isoprene production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Buta-1,3-Diene And Isoprene Exports

Exports from Malaysia

Buta-1,3-diene and isoprene exports from Malaysia surged to X tons in 2022, increasing by 46% compared with 2021 figures. In general, exports, however, recorded a pronounced descent. The most prominent rate of growth was recorded in 2020 with an increase of 64%. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, buta-1,3-diene and isoprene exports skyrocketed to $X in 2022. Overall, exports, however, showed a deep setback. The pace of growth was the most pronounced in 2018 with an increase of 51% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

South Korea (X tons), China (X tons) and Taiwan (Chinese) (X tons) were the main destinations of buta-1,3-diene and isoprene exports from Malaysia, together accounting for 88% of total exports.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +10.2%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, South Korea ($X), Taiwan (Chinese) ($X) and China ($X) constituted the largest markets for buta-1,3-diene and isoprene exported from Malaysia worldwide, together accounting for 88% of total exports.

In terms of the main countries of destination, Taiwan (Chinese), with a CAGR of +13.3%, 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 a decline.

Export Prices by Country

In 2022, the average buta-1,3-diene and isoprene export price amounted to $X per ton, with a decrease of -18.2% against the previous year. Over the period under review, the export price recorded a deep reduction. The most prominent rate of growth was recorded in 2017 an increase of 52%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to China ($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 Taiwan (Chinese) (+2.8%), while the prices for the other major destinations experienced a decline.

Buta-1,3-Diene And Isoprene Imports

Imports into Malaysia

In 2022, the amount of buta-1,3-diene and isoprene imported into Malaysia shrank remarkably to X tons, with a decrease of -15.5% against the previous year. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 45% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, buta-1,3-diene and isoprene imports contracted dramatically to $X in 2022. Over the period under review, imports recorded a mild reduction. The growth pace was the most rapid in 2017 when imports increased by 99% against the previous year. Imports peaked at $X in 2021, and then dropped notably in the following year.

Imports by Country

Singapore (X tons), India (X tons) and Thailand (X tons) were the main suppliers of buta-1,3-diene and isoprene imports to Malaysia, together comprising 97% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +16.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) constituted the largest supplier of buta-1,3-diene and isoprene to Malaysia, comprising 63% of total imports. The second position in the ranking was taken by India ($X), with a 28% share of total imports. It was followed by Thailand, with a 5.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Singapore stood at +1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-4.1% per year) and Thailand (+23.1% per year).

Import Prices by Country

In 2022, the average buta-1,3-diene and isoprene import price amounted to $X per ton, dropping by -5.1% against the previous year. Over the period under review, the import price saw a perceptible downturn. The growth pace was the most rapid in 2019 when the average import price increased by 52% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Japan ($X per ton) and Singapore ($X per ton), while the price for India ($X per ton) and Thailand ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+5.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :