Malaysia: Cadmium Market 2024

Cadmium Market Size in Malaysia

The Malaysian cadmium market skyrocketed to $X in 2022, increasing by 19% against the previous year. Overall, consumption, however, showed a abrupt decline. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Cadmium Production in Malaysia

In value terms, cadmium production contracted to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a deep slump. The pace of growth was the most pronounced in 2021 when the production volume increased by 1% against the previous year. Cadmium production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Cadmium Exports

Exports from Malaysia

Cadmium exports from Malaysia fell markedly to X tons in 2022, declining by -29.2% against the previous year. Overall, exports saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2017 when exports increased by 15,191%. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, cadmium exports fell markedly to $X in 2022. Over the period under review, exports saw a abrupt slump. The most prominent rate of growth was recorded in 2017 with an increase of 12,273%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

India (X tons) was the main destination for cadmium exports from Malaysia, with a 69% share of total exports. Moreover, cadmium exports to India exceeded the volume sent to the second major destination, Belgium (X tons), threefold. Canada (X tons) ranked third in terms of total exports with a 5.5% share.

From 2012 to 2022, the average annual growth rate of volume to India stood at +15.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+12.7% per year) and Canada (+18.3% per year).

In value terms, India ($X), Belgium ($X) and Canada ($X) appeared to be the largest markets for cadmium exported from Malaysia worldwide, together accounting for 98% of total exports.

Among the main countries of destination, Belgium, with a CAGR of +4.3%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average cadmium export price amounted to $X per ton, dropping by -3.8% against the previous year. In general, the export price recorded a deep slump. The pace of growth was the most pronounced in 2021 when the average export price increased by 16% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to India ($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 Belgium (-7.4%), while the prices for the other major destinations experienced a decline.

Cadmium Imports

Imports into Malaysia

In 2022, supplies from abroad of cadmium and articles thereof increased by 24% to X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, imports, however, continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2018 when imports increased by 1,025%. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, cadmium imports stood at $X in 2022. Overall, imports, however, recorded a sharp decrease. The growth pace was the most rapid in 2018 when imports increased by 459% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Canada (X tons), China (X tons) and Japan (X tons) were the main suppliers of cadmium imports to Malaysia, together comprising 62% of total imports.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of +56.4%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest cadmium suppliers to Malaysia were Canada ($X), Hong Kong SAR ($X) and China ($X), with a combined 68% share of total imports.

Hong Kong SAR, with a CAGR of +11.4%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average cadmium import price amounted to $X per ton, reducing by -13.8% against the previous year. Over the period under review, the import price recorded a drastic downturn. The growth pace was the most rapid in 2021 when the average import price increased by 23%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hong Kong SAR ($X per ton), while the price for Japan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+49.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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