Malaysia: Hydantoin Market 2024

Hydantoin Market Size in Malaysia

The Malaysian hydantoin market expanded slightly to $X in 2022, picking up by 4.3% 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). Overall, the total consumption indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -3.3% against 2020 indices. Hydantoin consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Hydantoin Exports

Exports from Malaysia

In 2022, shipments abroad of hydantoin and its derivatives increased by 1% to X tons, rising for the sixth year in a row after two years of decline. In general, exports continue to indicate a strong expansion. The growth pace was the most rapid in 2020 with an increase of 235% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, hydantoin exports dropped modestly to $X in 2022. Overall, exports saw a buoyant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 331% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then dropped modestly in the following year.

Exports by Country

Sudan (X tons), Vietnam (X kg) and Indonesia (X kg) were the main destinations of hydantoin exports from Malaysia, with a combined 78% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +34.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Sudan ($X), Vietnam ($X) and Kazakhstan ($X) appeared to be the largest markets for hydantoin exported from Malaysia worldwide, with a combined 75% share of total exports. Indonesia, Singapore and Canada lagged somewhat behind, together accounting for a further 25%.

Indonesia, with a CAGR of +26.0%, recorded the highest rates of growth with regard to 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

In 2022, the average hydantoin export price amounted to $X per ton, approximately equating the previous year. In general, the export price continues to indicate a perceptible reduction. The pace of growth appeared the most rapid in 2020 an increase of 29%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, 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 Kazakhstan ($X per ton), while the average price for exports to Canada ($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 Lebanon (+9.4%), while the prices for the other major destinations experienced a decline.

Hydantoin Imports

Imports into Malaysia

In 2022, approx. X tons of hydantoin and its derivatives were imported into Malaysia; growing by 1.7% compared with 2021. In general, imports posted a tangible expansion. The pace of growth was the most pronounced in 2018 with an increase of 58% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, hydantoin imports expanded remarkably to $X in 2022. Overall, total imports indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -12.8% against 2018 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 53%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of hydantoin to Malaysia, with a 62% share of total imports. Moreover, hydantoin imports from China exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), fourfold. Spain (X tons) ranked third in terms of total imports with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+64.8% per year) and Spain (0.0% per year).

In value terms, China ($X), Japan ($X) and Spain ($X) constituted the largest hydantoin suppliers to Malaysia, together comprising 70% of total imports. Indonesia, the United States and South Korea lagged somewhat behind, together accounting for a further 18%.

In terms of the main suppliers, Indonesia, with a CAGR of +65.2%, saw 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 hydantoin import price stood at $X per ton in 2022, growing by 3.8% against the previous year. Overall, the import price, however, recorded a noticeable decrease. The most prominent rate of growth was recorded in 2013 an increase of 24%. Over the period under review, average import prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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 Japan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :