Malaysia: Cyclohexanone And Methylcyclohexanones Market 2024

Cyclohexanone And Methylcyclohexanones Market Size in Malaysia

In 2021, the Malaysian cyclohexanone and methylcyclohexanones market decreased by -9.7% to $X, falling for the third year in a row after three years of growth. Over the period under review, consumption showed a perceptible reduction. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Cyclohexanone And Methylcyclohexanones Exports

Exports from Malaysia

In 2021, overseas shipments of cyclohexanone and methylcyclohexanones increased by 79% to X tons, rising for the second consecutive year after three years of decline. In general, exports recorded a buoyant increase. The growth pace was the most rapid in 2016 when exports increased by 2,479%. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, cyclohexanone and methylcyclohexanones exports surged to $X in 2021. Overall, exports continue to indicate strong growth. The most prominent rate of growth was recorded in 2016 with an increase of 1,559%. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

New Zealand (X tons), Bangladesh (X tons) and Vietnam (X tons) were the main destinations of cyclohexanone and methylcyclohexanones exports from Malaysia, together accounting for 91% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bangladesh (with a CAGR of +413.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cyclohexanone and methylcyclohexanones exported from Malaysia were New Zealand ($X), Bangladesh ($X) and Vietnam ($X), together comprising 89% of total exports.

Among the main countries of destination, Bangladesh, with a CAGR of +416.4%, recorded the highest growth rate of the value of exports, 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 cyclohexanone and methylcyclohexanones export price amounted to $X per ton, which is down by -2.2% against the previous year. Overall, the export price recorded a abrupt downturn. The most prominent rate of growth was recorded in 2017 an increase of 20%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Bangladesh ($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 Bangladesh (+0.7%), while the prices for the other major destinations experienced mixed trend patterns.

Cyclohexanone And Methylcyclohexanones Imports

Imports into Malaysia

In 2021, purchases abroad of cyclohexanone and methylcyclohexanones decreased by -28.8% to X tons, falling for the fourth year in a row after four years of growth. Overall, imports saw a noticeable descent. The most prominent rate of growth was recorded in 2016 with an increase of 28% against the previous year. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, cyclohexanone and methylcyclohexanones imports rose notably to $X in 2021. Over the period under review, imports continue to indicate a pronounced descent. The pace of growth was the most pronounced in 2017 with an increase of 24%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), Taiwan (Chinese) (X tons) and South Korea (X tons) were the main suppliers of cyclohexanone and methylcyclohexanones imports to Malaysia, with a combined 83% share of total imports. The United States, Hong Kong SAR, Italy and Singapore lagged somewhat behind, together comprising a further 16%.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +34.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cyclohexanone and methylcyclohexanones suppliers to Malaysia were Taiwan (Chinese) ($X), China ($X) and South Korea ($X), together comprising 79% of total imports. These countries were followed by Hong Kong SAR, the United States, Italy and Singapore, which together accounted for a further 17%.

The United States, with a CAGR of +14.0%, 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 more modest paces of growth.

Import Prices by Country

The average cyclohexanone and methylcyclohexanones import price stood at $X per ton in 2021, with an increase of 55% against the previous year. In general, the import price, however, saw a mild curtailment. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+2.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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