Malaysia: Market for Compounds With Other Nitrogen Function (Excluding Isocyanates) 2024

Market Size for Compounds With Other Nitrogen Function (Excluding Isocyanates) in Malaysia

The Malaysian market for compounds with other nitrogen function (excluding isocyanates) reduced to $X in 2022, which is down by -3% against the previous year. Overall, consumption, however, showed a buoyant expansion. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Compounds With Other Nitrogen Function (Excluding Isocyanates) in Malaysia

In value terms, compounds with other nitrogen function production fell to $X in 2022 estimated in export price. In general, production, however, enjoyed a buoyant increase. The pace of growth was the most pronounced in 2019 with an increase of 95% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Exports of Compounds With Other Nitrogen Function (Excluding Isocyanates)

Exports from Malaysia

In 2022, overseas shipments of compounds with other nitrogen function (excluding isocyanates) increased by 124% to X tons for the first time since 2014, thus ending a seven-year declining trend. In general, exports, however, saw a significant curtailment. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, compounds with other nitrogen function exports soared to $X in 2022. Over the period under review, exports, however, continue to indicate a precipitous slump. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Hong Kong SAR (X tons) was the main destination for compounds with other nitrogen function exports from Malaysia, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Hong Kong SAR totaled -14.2%.

In value terms, Hong Kong SAR ($X) also remains the key foreign market for compounds with other nitrogen function (excluding isocyanates) exports from Malaysia.

From 2012 to 2022, the average annual growth rate of value to Hong Kong SAR stood at -12.3%.

Export Prices by Country

The average export price for compounds with other nitrogen function (excluding isocyanates) stood at $X per ton in 2022, dropping by -29% against the previous year. Overall, the export price, however, enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2018 when the average export price increased by 65%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2021, and then contracted markedly in the following year.

As there is only one major export destination, the average price level is determined by prices for Hong Kong SAR.

From 2012 to 2022, the rate of growth in terms of prices for Sri Lanka amounted to +60.9% per year.

Imports of Compounds With Other Nitrogen Function (Excluding Isocyanates)

Imports into Malaysia

In 2022, approx. X tons of compounds with other nitrogen function (excluding isocyanates) were imported into Malaysia; growing by 133% compared with 2021 figures. Overall, imports, however, saw a deep downturn. The most prominent rate of growth was recorded in 2015 with an increase of 348%. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, compounds with other nitrogen function imports surged to $X in 2022. In general, imports, however, continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2015 when imports increased by 229% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Japan (X tons) constituted the largest compounds with other nitrogen function supplier to Malaysia, accounting for a 69% share of total imports. Moreover, compounds with other nitrogen function imports from Japan exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold. The United States (X tons) ranked third in terms of total imports with a 7% share.

From 2012 to 2022, the average annual growth rate of volume from Japan stood at +8.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-11.9% per year) and the United States (-1.3% per year).

In value terms, Japan ($X) constituted the largest supplier of compounds with other nitrogen function (excluding isocyanates) to Malaysia, comprising 87% of total imports. The second position in the ranking was taken by China ($X), with a 6% share of total imports. It was followed by Switzerland, with a 2.7% share.

From 2012 to 2022, the average annual growth rate of value from Japan amounted to +4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-23.6% per year) and Switzerland (+34.6% per year).

Import Prices by Country

The average import price for compounds with other nitrogen function (excluding isocyanates) stood at $X per ton in 2022, picking up by 33% against the previous year. In general, the import price, however, showed a perceptible shrinkage. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Switzerland ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+25.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :