Malaysia: Market for Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium 2024

Market Size for Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium in Malaysia

The Malaysian magnesium hydroxide and peroxide market fell sharply to $X in 2022, with a decrease of -55.6% 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). In general, consumption saw a abrupt setback. Over the period under review, the market reached the peak level at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Exports of Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium

Exports from Malaysia

Magnesium hydroxide and peroxide exports from Malaysia reduced markedly to X tons in 2022, with a decrease of -46.3% compared with the previous year. In general, exports continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2015 with an increase of 584% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, magnesium hydroxide and peroxide exports shrank remarkably to $X in 2022. Over the period under review, exports showed a deep setback. The most prominent rate of growth was recorded in 2015 with an increase of 608%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Japan (X tons) and Singapore (X tons) were the main destinations of magnesium hydroxide and peroxide exports from Malaysia.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Japan (with a CAGR of +13.4%).

In value terms, Japan ($X) and Singapore ($X) appeared to be the largest markets for magnesium hydroxide and peroxide exported from Malaysia worldwide.

Among the main countries of destination, Japan, with a CAGR of -6.0%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2022, the average magnesium hydroxide and peroxide export price amounted to $X per ton, with an increase of 11% against the previous year. In general, the export price showed tangible growth. The pace of growth was the most pronounced in 2016 when the average export price increased by 118% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Singapore totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+123.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium

Imports into Malaysia

In 2022, approx. X tons of hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium were imported into Malaysia; with a decrease of -54% on the previous year's figure. In general, imports saw a abrupt descent. The pace of growth appeared the most rapid in 2018 with an increase of 240% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, magnesium hydroxide and peroxide imports declined markedly to $X in 2022. Overall, imports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 207% against the previous year. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

Japan (X tons), China (X tons) and the Netherlands (X tons) were the main suppliers of magnesium hydroxide and peroxide imports to Malaysia, together comprising 81% of total imports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +70.1%), while purchases for the other leaders experienced a decline.

In value terms, Japan ($X) constituted the largest supplier of hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium to Malaysia, comprising 51% of total imports. The second position in the ranking was held by China ($X), with a 15% share of total imports. It was followed by the Netherlands, with a 14% share.

From 2012 to 2022, the average annual growth rate of value from Japan stood at -9.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-13.1% per year) and the Netherlands (+44.3% per year).

Import Prices by Country

The average magnesium hydroxide and peroxide import price stood at $X per ton in 2022, shrinking by -5.1% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by 119% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: 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 Mexico (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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