Malaysia: Market for Industrial Tall Oil Fatty Acids 2024

Market Size for Industrial Tall Oil Fatty Acids in Malaysia

The Malaysian tall oil fatty acids market skyrocketed to $X in 2021, rising by 220% 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 posted buoyant growth. Tall oil fatty acids consumption peaked at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Exports of Industrial Tall Oil Fatty Acids

Exports from Malaysia

In 2021, the amount of industrial tall oil fatty acids exported from Malaysia contracted rapidly to X tons, dropping by -61.1% on the year before. Overall, exports faced a abrupt decline. The most prominent rate of growth was recorded in 2020 with an increase of 199% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, tall oil fatty acids exports contracted markedly to $X in 2021. Over the period under review, exports saw a abrupt descent. The pace of growth was the most pronounced in 2020 with an increase of 279%. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Malawi (X tons), Sudan (X tons) and India (X tons) were the main destinations of tall oil fatty acids exports from Malaysia, together accounting for 56% of total exports.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of -1.0%), while shipments for the other leaders experienced a decline.

In value terms, Taiwan (Chinese) ($X), Malawi ($X) and Belgium ($X) appeared to be the largest markets for tall oil fatty acids exported from Malaysia worldwide, with a combined 64% share of total exports.

Taiwan (Chinese), with a CAGR of -2.8%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average tall oil fatty acids export price stood at $X per ton in 2021, jumping by 35% against the previous year. Over the period under review, export price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +7.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, tall oil fatty acids export price increased by +27.2% against 2018 indices. The pace of growth was the most pronounced in 2013 an increase of 42% against the previous year. The export price peaked in 2021 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to Gambia ($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 Taiwan (Chinese) (+21.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Industrial Tall Oil Fatty Acids

Imports into Malaysia

Tall oil fatty acids imports into Malaysia surged to X tons in 2021, with an increase of 35% on the previous year's figure. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by 54% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, tall oil fatty acids imports soared to $X in 2021. Over the period under review, imports continue to indicate a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest tall oil fatty acids supplier to Malaysia, accounting for a 33% share of total imports. Moreover, tall oil fatty acids imports from the Netherlands exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. The third position in this ranking was taken by Sweden (X tons), with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands totaled +8.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-4.5% per year) and Sweden (-17.1% per year).

In value terms, Sweden ($X), the Netherlands ($X) and Japan ($X) constituted the largest tall oil fatty acids suppliers to Malaysia, together accounting for 32% of total imports. These countries were followed by the United States, Finland, China, the UK, Brazil and Germany, which together accounted for a further 11%.

Brazil, with a CAGR of +50.3%, recorded the highest growth rate of the value of imports, among the main suppliers 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 tall oil fatty acids import price amounted to $X per ton, jumping by 290% against the previous year. Overall, the import price recorded buoyant growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+18.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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