Malaysia: Market for Cellular Plates, Sheets and Films of Polyymers of Styrene 2024

Market Size for Cellular Plates, Sheets and Films of Polyymers of Styrene in Malaysia

The Malaysian market for cellular plates, sheets and films of polyymers of styrene dropped to $X in 2022, shrinking by -2.3% against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Production of Cellular Plates, Sheets and Films of Polyymers of Styrene in Malaysia

In value terms, production of cellular plates, sheets and films of polyymers of styrene reduced to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 37% against the previous year. Production of peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Cellular Plates, Sheets and Films of Polyymers of Styrene

Exports from Malaysia

In 2022, approx. X tons of cellular plates, sheets and films of polyymers of styrene were exported from Malaysia; increasing by 7.8% against 2021 figures. Overall, exports showed a pronounced increase. The growth pace was the most rapid in 2017 when exports increased by 73% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of cellular plates, sheets and films of polyymers of styrene declined to $X in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 47%. Over the period under review, the exports of hit record highs at $X in 2021, and then dropped in the following year.

Exports by Country

Tanzania (X tons), Singapore (X tons) and the Philippines (X tons) were the main destinations of exports of cellular plates, sheets and films of polyymers of styrene from Malaysia, together comprising 96% of total exports.

From 2012 to 2022, the biggest increases were recorded for Tanzania (with a CAGR of +26.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) emerged as the key foreign market for cellular plates, sheets and films of polyymers of styrene exports from Malaysia, comprising 75% of total exports. The second position in the ranking was taken by Tanzania ($X), with a 12% share of total exports. It was followed by Brunei Darussalam, with a 3.9% share.

From 2012 to 2022, the average annual growth rate of value to Singapore stood at +5.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tanzania (-4.0% per year) and Brunei Darussalam (+9.9% per year).

Export Prices by Country

In 2022, the average export price for cellular plates, sheets and films of polyymers of styrene amounted to $X per ton, reducing by -16.6% against the previous year. In general, the export price continues to indicate a pronounced decrease. The pace of growth appeared the most rapid in 2018 an increase of 50%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Tanzania ($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 the Philippines (+9.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cellular Plates, Sheets and Films of Polyymers of Styrene

Imports into Malaysia

After two years of growth, overseas purchases of cellular plates, sheets and films of polyymers of styrene decreased by -29.6% to X tons in 2022. Over the period under review, imports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2016 with an increase of 938%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, imports of cellular plates, sheets and films of polyymers of styrene expanded sharply to $X in 2022. Overall, imports, however, continue to indicate noticeable growth. The pace of growth appeared the most rapid in 2016 with an increase of 865%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest polystyrene cellular plates, sheets and films supplier to Malaysia, accounting for a 73% share of total imports. Moreover, imports of cellular plates, sheets and films of polyymers of styrene from China exceeded the figures recorded by the second-largest supplier, Singapore (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +13.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+0.5% per year) and Germany (+88.2% per year).

In value terms, China ($X) constituted the largest supplier of cellular plates, sheets and films of polyymers of styrene to Malaysia, comprising 80% of total imports. The second position in the ranking was held by Singapore ($X), with a 17% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +17.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (-1.8% per year) and Germany (+63.5% per year).

Import Prices by Country

In 2022, the average import price for cellular plates, sheets and films of polyymers of styrene amounted to $X per ton, rising by 55% against the previous year. Over the period under review, the import price, however, recorded a slight decrease. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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