Malaysia: Market for Double Or Complex Silicates 2024

Market Size for Double Or Complex Silicates in Malaysia

The Malaysian double or complex silicates market declined to $X in 2021, which is down by -3.8% against the previous year. In general, consumption recorded a mild increase. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Production of Double Or Complex Silicates in Malaysia

In value terms, double or complex silicates production dropped to $X in 2021 estimated in export price. Over the period under review, production saw a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of 259% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Exports of Double Or Complex Silicates

Exports from Malaysia

In 2021, shipments abroad of double or complex silicates increased by 51% to X tons, rising for the fifth consecutive year after four years of decline. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 21,863%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, double or complex silicates exports expanded notably to $X in 2021. Overall, exports showed a remarkable increase. The pace of growth was the most pronounced in 2017 with an increase of 14,214%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for double or complex silicates exports from Malaysia, accounting for a 57% share of total exports. Moreover, double or complex silicates exports to the Netherlands exceeded the volume sent to the second major destination, Germany (X tons), fourfold. The United States (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to the Netherlands stood at +138.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+73.5% per year) and the United States (+81.2% per year).

In value terms, the Netherlands ($X) remains the key foreign market for double or complex silicates exports from Malaysia, comprising 64% of total exports. The second position in the ranking was held by Germany ($X), with a 21% share of total exports. It was followed by the United States, with a 6.1% share.

From 2012 to 2021, the average annual growth rate of value to the Netherlands stood at +80.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+17.8% per year) and the United States (+27.6% per year).

Export Prices by Country

The average double or complex silicates export price stood at $X per ton in 2021, declining by -24.9% against the previous year. Overall, the export price faced a significant decrease. The pace of growth was the most pronounced in 2013 a decrease of -8.2%. The export price peaked at $X per ton in 2012; however, from 2013 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 Germany ($X per ton), while the average price for exports to Thailand ($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 South Korea (-13.5%), while the prices for the other major destinations experienced a decline.

Imports of Double Or Complex Silicates

Imports into Malaysia

After two years of growth, overseas purchases of double or complex silicates decreased by -47.8% to X tons in 2021. In general, imports recorded a perceptible reduction. The most prominent rate of growth was recorded in 2014 with an increase of 117%. Imports peaked at X tons in 2020, and then dropped dramatically in the following year.

In value terms, double or complex silicates imports reduced to $X in 2021. Over the period under review, imports, however, posted a resilient increase. The pace of growth was the most pronounced in 2019 when imports increased by 125% against the previous year. Over the period under review, imports reached the peak figure at $X in 2020, and then fell in the following year.

Imports by Country

The Netherlands (X tons), China (X tons) and Thailand (X tons) were the main suppliers of double or complex silicates imports to Malaysia, together comprising 59% of total imports. These countries were followed by the United States, Germany, Indonesia and Poland, which together accounted for a further 22%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +60.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the United States ($X) and China ($X) were the largest double or complex silicates suppliers to Malaysia, together accounting for 62% of total imports.

In terms of the main suppliers, Germany, with a CAGR of +64.7%, 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

The average double or complex silicates import price stood at $X per ton in 2021, picking up by 91% against the previous year. Overall, the import price posted a significant expansion. The pace of growth was the most pronounced in 2013 when the average import price increased by 138%. The import price peaked in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+16.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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