Malaysia: Expanded Clays Market 2024

Expanded Clays Market Size in Malaysia

The Malaysian expanded clays market amounted to $X in 2021, almost unchanged from the previous year. Overall, consumption, however, continues to indicate a noticeable contraction. Expanded clays consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Expanded Clays Production in Malaysia

In value terms, expanded clays production declined slightly to $X in 2021 estimated in export price. In general, production, however, recorded a perceptible reduction. The most prominent rate of growth was recorded in 2017 when the production volume increased by 31%. Expanded clays production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Expanded Clays Exports

Exports from Malaysia

In 2021, after two years of growth, there was significant decline in overseas shipments of exfoliated vermiculite, expanded clays and foamed slag, when their volume decreased by -58.8% to X tons. Overall, exports, however, posted a strong increase. The most prominent rate of growth was recorded in 2020 when exports increased by 126%. As a result, the exports attained the peak of X tons, and then contracted sharply in the following year.

In value terms, expanded clays exports declined notably to $X in 2021. In general, exports, however, showed a resilient expansion. The pace of growth was the most pronounced in 2019 with an increase of 99% against the previous year. The exports peaked at $X in 2020, and then shrank rapidly in the following year.

Exports by Country

China (X tons) was the main destination for expanded clays exports from Malaysia, with a 38% share of total exports. Moreover, expanded clays exports to China exceeded the volume sent to the second major destination, Indonesia (X tons), twofold. Canada (X tons) ranked third in terms of total exports with a 14% share.

From 2012 to 2021, the average annual growth rate of volume to China totaled +30.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+47.9% per year) and Canada (+91.0% per year).

In value terms, Canada ($X), the United States ($X) and the UK ($X) were the largest markets for expanded clays exported from Malaysia worldwide, together accounting for 66% of total exports.

Canada, with a CAGR of +103.9%, recorded the highest growth rate of the value of exports, in terms of 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

The average expanded clays export price stood at $X per ton in 2021, with an increase of 28% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 37% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was the UK ($X per ton), while the average price for exports to Indonesia ($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 the UK (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.

Expanded Clays Imports

Imports into Malaysia

In 2021, purchases abroad of exfoliated vermiculite, expanded clays and foamed slag increased by 36% to X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, imports continue to indicate buoyant growth. The pace of growth was the most pronounced in 2013 with an increase of 594%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, expanded clays imports soared to $X in 2021. Overall, imports continue to indicate strong growth. The growth pace was the most rapid in 2013 when imports increased by 598% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

China (X tons), the United States (X tons) and the UK (X tons) were the main suppliers of expanded clays imports to Malaysia, with a combined 46% share of total imports. These countries were followed by New Zealand, Japan, Australia, South Korea and the United Arab Emirates, which together accounted for a further 16%.

From 2012 to 2021, the biggest increases were recorded for Australia (with a CAGR of +40.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), the United States ($X) and China ($X) were the largest expanded clays suppliers to Malaysia, together accounting for 49% of total imports.

In terms of the main suppliers, the UK, with a CAGR of +48.3%, saw 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 expanded clays import price amounted to $X per ton, with an increase of 11% against the previous year. Over the period under review, the import price, however, continues to indicate a mild slump. The growth pace was the most rapid in 2019 when the average import price increased by 44%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the UK ($X per ton), while the price for New Zealand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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