Malaysia: Market for Butene (Butylene) And Isomers Thereof 2024

Market Size for Butene (Butylene) And Isomers Thereof in Malaysia

The Malaysian butene and isomers thereof market fell to $X in 2021, reducing by -8% against the previous year. Overall, consumption saw a pronounced slump. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Production of Butene (Butylene) And Isomers Thereof in Malaysia

In value terms, butene and isomers thereof production fell to $X in 2021 estimated in export price. Overall, production recorded a abrupt descent. The pace of growth was the most pronounced in 2014 with an increase of 14% against the previous year. Butene and isomers thereof production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Butene (Butylene) And Isomers Thereof

Exports from Malaysia

In 2021, after four years of decline, there was growth in overseas shipments of butene (butylene) and isomers thereof, when their volume increased by 0.5% to X tons. In general, exports, however, saw a significant decrease. The growth pace was the most rapid in 2016 with an increase of 232%. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, butene and isomers thereof exports fell rapidly to $X in 2021. Overall, exports, however, saw a sharp reduction. The growth pace was the most rapid in 2016 with an increase of 82% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for butene and isomers thereof exports from Malaysia, accounting for a 70% share of total exports. Moreover, butene and isomers thereof exports to China exceeded the volume sent to the second major destination, Singapore (X tons), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to China totaled -27.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (-23.0% per year) and South Korea (-13.5% per year).

In value terms, China ($X) remains the key foreign market for butene (butylene) and isomers thereof exports from Malaysia, comprising 68% of total exports. The second position in the ranking was taken by South Korea ($X), with a 24% share of total exports.

From 2012 to 2021, the average annual growth rate of value to China totaled -40.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (-23.9% per year) and Singapore (-39.7% per year).

Export Prices by Country

The average butene and isomers thereof export price stood at $X per ton in 2021, waning by -33.6% against the previous year. In general, the export price recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2018 an increase of 35%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Singapore ($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 South Korea (-12.0%), while the prices for the other major destinations experienced a decline.

Imports of Butene (Butylene) And Isomers Thereof

Imports into Malaysia

After two years of growth, purchases abroad of butene (butylene) and isomers thereof decreased by -32.5% to X tons in 2021. Over the period under review, imports, however, saw a prominent expansion. The pace of growth appeared the most rapid in 2014 when imports increased by 72% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, butene and isomers thereof imports reduced rapidly to $X in 2021. In general, imports, however, continue to indicate pronounced growth. The most prominent rate of growth was recorded in 2014 with an increase of 70% against the previous year. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, South Korea (X tons) constituted the largest butene and isomers thereof supplier to Malaysia, accounting for a 57% share of total imports. Moreover, butene and isomers thereof imports from South Korea exceeded the figures recorded by the second-largest supplier, Thailand (X tons), fourfold. The third position in this ranking was taken by Singapore (X tons), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from South Korea totaled +13.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-3.7% per year) and Singapore (+16.0% per year).

In value terms, South Korea ($X) constituted the largest supplier of butene (butylene) and isomers thereof to Malaysia, comprising 72% of total imports. The second position in the ranking was taken by Singapore ($X), with a 9.8% share of total imports. It was followed by Thailand, with a 6.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from South Korea amounted to +12.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+9.3% per year) and Thailand (-15.7% per year).

Import Prices by Country

In 2021, the average butene and isomers thereof import price amounted to $X per ton, rising by 8.3% against the previous year. Overall, the import price, however, showed a pronounced descent. The most prominent rate of growth was recorded in 2017 when the average import price increased by 22% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (-0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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