Malaysia: Ether Market 2024

Ether Market Size in Malaysia

The Malaysian ether market reduced to $X in 2022, which is down by -12.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a abrupt descent. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Ether Exports

Exports from Malaysia

In 2022, the amount of ethers exported from Malaysia fell remarkably to X tons, declining by -19.9% compared with the previous year's figure. Overall, exports, however, showed a temperate increase. The pace of growth appeared the most rapid in 2016 when exports increased by 161% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, ether exports reduced rapidly to $X in 2022. In general, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 150%. As a result, the exports reached the peak of $X, and then reduced rapidly in the following year.

Exports by Country

Cambodia (X tons), Singapore (X tons) and China (X tons) were the main destinations of ether exports from Malaysia, with a combined 60% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Cambodia (with a CAGR of +21.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ether exported from Malaysia were China ($X), Singapore ($X) and Thailand ($X), together accounting for 53% of total exports. Indonesia, Cambodia, India, Vietnam and the Philippines lagged somewhat behind, together accounting for a further 42%.

In terms of the main countries of destination, India, with a CAGR of +16.1%, saw 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

The average ether export price stood at $X per ton in 2022, which is down by -12.6% against the previous year. In general, the export price recorded a pronounced descent. The pace of growth was the most pronounced in 2018 an increase of 33% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Cambodia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.

Ether Imports

Imports into Malaysia

In 2022, the amount of ethers imported into Malaysia shrank to X tons, reducing by -11.5% on the year before. In general, imports, however, saw resilient growth. The growth pace was the most rapid in 2016 when imports increased by 74% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then fell in the following year.

In value terms, ether imports contracted rapidly to $X in 2022. Over the period under review, total imports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +39.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 78%. As a result, imports attained the peak of $X, and then plummeted in the following year.

Imports by Country

Singapore (X tons), Saudi Arabia (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of ether imports to Malaysia, with a combined 73% share of total imports. Qatar, India, the United Arab Emirates and China lagged somewhat behind, together comprising a further 23%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of +74.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ether suppliers to Malaysia were Singapore ($X), Saudi Arabia ($X) and Taiwan (Chinese) ($X), with a combined 73% share of total imports. India, Qatar, China and the United Arab Emirates lagged somewhat behind, together comprising a further 19%.

In terms of the main suppliers, the United Arab Emirates, with a CAGR of +59.5%, recorded the highest growth rate of 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 ether import price stood at $X per ton in 2022, declining by -11.8% against the previous year. Over the period under review, the import price saw a abrupt setback. The pace of growth was the most pronounced in 2021 an increase of 26%. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat 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 China ($X per ton), while the price for Qatar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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