Malaysia: Carbon Dioxide Market 2024

Carbon Dioxide Market Size in Malaysia

In 2022, after four years of decline, there was growth in the Malaysian carbon dioxide market, when its value increased by 1.6% to $X. Overall, consumption, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2017 when the market value increased by 3.7% against the previous year. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Carbon Dioxide Production in Malaysia

In value terms, carbon dioxide production declined slightly to $X in 2022 estimated in export price. In general, production continues to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2021 with an increase of 9.9% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Carbon Dioxide Exports

Exports from Malaysia

In 2022, approx. X tons of carbon dioxide were exported from Malaysia; waning by -28.9% compared with the previous year. In general, exports recorded a noticeable setback. The most prominent rate of growth was recorded in 2021 with an increase of 168% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, carbon dioxide exports dropped remarkably to $X in 2022. Over the period under review, exports saw a abrupt decline. The pace of growth was the most pronounced in 2021 when exports increased by 179%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Singapore (X tons) was the main destination for carbon dioxide exports from Malaysia, with a 90% share of total exports. It was followed by Vietnam (X tons), with a 1.8% share of total exports. The third position in this ranking was taken by Australia (X tons), with a 1.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Singapore totaled -4.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+63.2% per year) and Australia (+9.0% per year).

In value terms, Singapore ($X) remains the key foreign market for carbon dioxide exports from Malaysia, comprising 78% of total exports. The second position in the ranking was held by Vietnam ($X), with a 4.1% share of total exports. It was followed by Australia, with a 3.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Singapore totaled -6.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+51.5% per year) and Australia (+23.1% per year).

Export Prices by Country

The average carbon dioxide export price stood at $X per ton in 2022, dropping by -4.4% against the previous year. Overall, the export price showed a mild shrinkage. The pace of growth was the most pronounced in 2020 an increase of 21% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 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 Vietnam ($X per ton), while the average price for exports to New Zealand ($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 Australia (+12.9%), while the prices for the other major destinations experienced mixed trend patterns.

Carbon Dioxide Imports

Imports into Malaysia

After three years of decline, supplies from abroad of carbon dioxide increased by 63% to X tons in 2022. Overall, imports, however, showed a abrupt decrease. The growth pace was the most rapid in 2014 with an increase of 87% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, carbon dioxide imports expanded to $X in 2022. Over the period under review, imports, however, recorded a abrupt decline. The growth pace was the most rapid in 2014 when imports increased by 67% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Singapore (X tons) constituted the largest supplier of carbon dioxide to Malaysia, with a 68% share of total imports. Moreover, carbon dioxide imports from Singapore exceeded the figures recorded by the second-largest supplier, Thailand (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Singapore amounted to +1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-26.5% per year) and Taiwan (Chinese) (+5.0% per year).

In value terms, Singapore ($X), Thailand ($X) and Taiwan (Chinese) ($X) were the largest carbon dioxide suppliers to Malaysia, with a combined 77% share of total imports.

Taiwan (Chinese), with a CAGR of +0.5%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average carbon dioxide import price stood at $X per ton in 2022, shrinking by -36.2% against the previous year. Overall, the import price saw a slight downturn. The most prominent rate of growth was recorded in 2020 when the average import price increased by 51%. Over the period under review, average import prices reached the maximum at $X per ton in 2021, and then reduced markedly 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 Taiwan (Chinese) ($X per ton), while the price for Singapore ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+2.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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