Malaysia: Cyclohexane Market 2024

Cyclohexane Market Size in Malaysia

In 2021, after three years of growth, there was significant decline in the Malaysian cyclohexane market, when its value decreased by -13.4% to $X. The market value increased at an average annual rate of +3.6% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X, and then dropped in the following year.

Cyclohexane Production in Malaysia

In value terms, cyclohexane production reduced markedly to $X in 2021 estimated in export price. Over the period under review, the total production indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +43.5% against 2017 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by 52% against the previous year. As a result, production attained the peak level of $X, and then shrank dramatically in the following year.

Cyclohexane Exports

Exports from Malaysia

In 2021, overseas shipments of cyclohexane increased by 298% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, saw a dramatic descent. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, cyclohexane exports surged to $X in 2021. In general, exports, however, saw a deep slump. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Vietnam (X tons) was the main destination for cyclohexane exports from Malaysia, with a 64% share of total exports. Moreover, cyclohexane exports to Vietnam exceeded the volume sent to the second major destination, Thailand (X kg), fivefold. Indonesia (X kg) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume to Vietnam stood at +69.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+71.3% per year) and Indonesia (-0.8% per year).

In value terms, the largest markets for cyclohexane exported from Malaysia were Singapore ($X), Indonesia ($X) and Vietnam ($X), with a combined 88% share of total exports.

Vietnam, with a CAGR of +79.1%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average cyclohexane export price amounted to $X per ton, with an increase of 34% against the previous year. Overall, the export price showed buoyant growth. The pace of growth appeared the most rapid in 2013 when the average export price increased by 160%. Over the period under review, the average export prices hit record highs in 2021 and is likely to see steady growth in years to come.

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 Singapore ($X per ton), while the average price for exports to Vietnam ($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 Indonesia (+26.8%), while the prices for the other major destinations experienced more modest paces of growth.

Cyclohexane Imports

Imports into Malaysia

In 2021, approx. X tons of cyclohexane were imported into Malaysia; growing by 79% compared with 2020 figures. Over the period under review, imports saw a strong expansion. The pace of growth appeared the most rapid in 2019 when imports increased by 723%. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, cyclohexane imports skyrocketed to $X in 2021. Overall, imports recorded a strong increase. The most prominent rate of growth was recorded in 2019 with an increase of 335% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Thailand (X tons), Germany (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of cyclohexane imports to Malaysia, with a combined 51% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +52.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cyclohexane suppliers to Malaysia were Thailand ($X), Germany ($X) and Taiwan (Chinese) ($X), together comprising 57% of total imports.

In terms of the main suppliers, Thailand, with a CAGR of +39.4%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average cyclohexane import price amounted to $X per ton, picking up by 68% against the previous year. Overall, the import price, however, recorded a perceptible slump. The import price peaked at $X per ton in 2014; however, from 2015 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 Thailand ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (-2.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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