Malaysia: Dichloromethane Market 2024

Dichloromethane Market Size in Malaysia

In 2021, the Malaysian dichloromethane market increased by 11% to $X for the first time since 2016, thus ending a four-year declining trend. In general, consumption continues to indicate a abrupt descent. Dichloromethane consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Dichloromethane Production in Malaysia

In value terms, dichloromethane production reduced rapidly to $X in 2021 estimated in export price. In general, production recorded a dramatic setback. The most prominent rate of growth was recorded in 2020 when the production volume increased by 366%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Dichloromethane Exports

Exports from Malaysia

After three years of decline, overseas shipments of dichloromethane (methylene chloride) increased by 324% to X tons in 2021. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by 942% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, dichloromethane exports surged to $X in 2021. In general, exports posted a significant expansion. The growth pace was the most rapid in 2013 when exports increased by 372%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Singapore (X tons), Bangladesh (X tons) and Maldives (X tons) were the main destinations of dichloromethane exports from Malaysia, together comprising 100% of total exports.

From 2012 to 2021, the biggest increases were recorded for Maldives (with a CAGR of +149.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) emerged as the key foreign market for dichloromethane (methylene chloride) exports from Malaysia, comprising 64% of total exports. The second position in the ranking was held by Bangladesh ($X), with a 25% share of total exports. It was followed by Maldives, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Singapore totaled +18.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (+31.7% per year) and Maldives (+143.5% per year).

Export Prices by Country

The average dichloromethane export price stood at $X per ton in 2021, declining by -29.7% against the previous year. Overall, the export price recorded a deep setback. The growth pace was the most rapid in 2014 when the average export price increased by 52%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Maldives ($X per ton), while the average price for exports to Bangladesh ($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 Cambodia (+29.3%), while the prices for the other major destinations experienced more modest paces of growth.

Dichloromethane Imports

Imports into Malaysia

In 2021, supplies from abroad of dichloromethane (methylene chloride) decreased by -6.5% to X tons, falling for the third consecutive year after two years of growth. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 when imports increased by 185%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, dichloromethane imports skyrocketed to $X in 2021. Overall, imports saw a mild setback. The most prominent rate of growth was recorded in 2015 when imports increased by 89% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Taiwan (Chinese) (X tons), China (X tons) and Singapore (X tons) were the main suppliers of dichloromethane imports to Malaysia, together accounting for 89% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +11.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest dichloromethane suppliers to Malaysia were Taiwan (Chinese) ($X), China ($X) and Singapore ($X), together accounting for 87% of total imports.

Among the main suppliers, China, with a CAGR of +11.4%, 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 a decline.

Import Prices by Country

In 2021, the average dichloromethane import price amounted to $X per ton, jumping by 51% against the previous year. Overall, the import price, however, showed a perceptible slump. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (-0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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