Malaysia: Industrial Fatty Alcohols Market 2024

Industrial Fatty Alcohols Market Size in Malaysia

The Malaysian industrial fatty alcohols market shrank rapidly to $X in 2021, dropping by -30.7% against the previous year. In general, consumption continues to indicate a abrupt decline. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Industrial Fatty Alcohols Production in Malaysia

In value terms, industrial fatty alcohols production surged to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 33% against the previous year. Industrial fatty alcohols production peaked at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Industrial Fatty Alcohols Exports

Exports from Malaysia

In 2021, approx. X tons of industrial fatty alcohols were exported from Malaysia; rising by 18% compared with the previous year's figure. The total export volume increased at an average annual rate of +3.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 when exports increased by 25% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, industrial fatty alcohols exports surged to $X in 2021. Over the period under review, total exports indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X tons), Singapore (X tons) and India (X tons) were the main destinations of industrial fatty alcohols exports from Malaysia, together comprising 54% of total exports. The Netherlands, Thailand, the United States, Indonesia, South Korea, Japan, Taiwan (Chinese), Germany and Iran lagged somewhat behind, together comprising a further 41%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +60.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for industrial fatty alcohols exported from Malaysia were China ($X), Singapore ($X) and India ($X), with a combined 55% share of total exports. The Netherlands, Thailand, the United States, Indonesia, Japan, South Korea, Taiwan (Chinese), Germany and Iran lagged somewhat behind, together comprising a further 40%.

In terms of the main countries of destination, the Netherlands, with a CAGR of +64.2%, recorded 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 industrial fatty alcohols export price stood at $X per ton in 2021, rising by 57% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; afterwards, it flattened through to 2021.

Average prices varied somewhat for the major export markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Germany ($X per ton) and Japan ($X per ton), while the average price for exports to South Korea ($X per ton) and Iran ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+2.3%), while the prices for the other major destinations experienced more modest paces of growth.

Industrial Fatty Alcohols Imports

Imports into Malaysia

Industrial fatty alcohols imports into Malaysia fell dramatically to X tons in 2021, shrinking by -75.8% on the previous year. In general, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2013 when imports increased by 568% against the previous year. Over the period under review, imports hit record highs at X tons in 2020, and then contracted dramatically in the following year.

In value terms, industrial fatty alcohols imports fell notably to $X in 2021. Over the period under review, imports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2014 with an increase of 428%. Over the period under review, imports reached the peak figure at $X in 2020, and then fell dramatically in the following year.

Imports by Country

In 2021, Indonesia (X tons) was the main industrial fatty alcohols supplier to Malaysia, with a 91% share of total imports. It was followed by Thailand (X tons), with a 2.4% share of total imports. Singapore (X tons) ranked third in terms of total imports with a 2.2% share.

From 2012 to 2021, the average annual growth rate of volume from Indonesia stood at +53.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-2.8% per year) and Singapore (-9.2% per year).

In value terms, Indonesia ($X) constituted the largest supplier of industrial fatty alcohols to Malaysia, comprising 88% of total imports. The second position in the ranking was taken by Singapore ($X), with a 4.5% share of total imports. It was followed by Thailand, with a 2.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Indonesia stood at +52.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (-6.1% per year) and Thailand (-0.6% per year).

Import Prices by Country

The average industrial fatty alcohols import price stood at $X per ton in 2021, growing by 18% against the previous year. Overall, the import price, however, saw a pronounced curtailment. The pace of growth appeared the most rapid in 2016 an increase of 26% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+3.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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