Malaysia: Market for Inorganic Oxygen Compounds Of Non-Metals 2024

Market Size for Inorganic Oxygen Compounds Of Non-Metals in Malaysia

The Malaysian market for inorganic oxygen compounds of non-metals skyrocketed to $X in 2021, increasing by 31% against the previous year. Overall, consumption, however, saw a strong expansion. Over the period under review, the market reached the maximum level in 2021 and is likely to see steady growth in the immediate term.

Production of Inorganic Oxygen Compounds Of Non-Metals in Malaysia

In value terms, inorganic oxygen compounds of non-metals production surged to $X in 2021 estimated in export price. In general, production, however, continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2017 when the production volume increased by 64% against the previous year. Inorganic oxygen compounds of non-metals production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Inorganic Oxygen Compounds Of Non-Metals

Exports from Malaysia

In 2021, overseas shipments of inorganic oxygen compounds of non-metals increased by 171% to X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports showed buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, inorganic oxygen compounds of non-metals exports surged to $X in 2021. In general, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Vietnam (X tons), Singapore (X tons) and South Korea (X tons) were the main destinations of inorganic oxygen compounds of non-metals exports from Malaysia, with a combined 86% share of total exports. New Zealand, the Philippines, Canada and India lagged somewhat behind, together comprising a further 9%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Philippines (with a CAGR of +115.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for inorganic oxygen compounds of non-metals exported from Malaysia were Canada ($X), Singapore ($X) and Vietnam ($X), with a combined 80% share of total exports. South Korea, New Zealand, the Philippines and India lagged somewhat behind, together comprising a further 7.8%.

The Philippines, with a CAGR of +106.9%, 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

The average export price for inorganic oxygen compounds of non-metals stood at $X per ton in 2021, growing by 73% against the previous year. Over the period under review, export price indicated a tangible increase from 2012 to 2021: its price increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the average export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to South Korea ($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 Singapore (+22.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Inorganic Oxygen Compounds Of Non-Metals

Imports into Malaysia

In 2021, purchases abroad of inorganic oxygen compounds of non-metals increased by 9.9% to X tons, rising for the second year in a row after three years of decline. In general, imports, however, continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2016 when imports increased by 171% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, inorganic oxygen compounds of non-metals imports surged to $X in 2021. Overall, imports, however, saw a deep setback. The growth pace was the most rapid in 2016 when imports increased by 179% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest inorganic oxygen compounds of non-metals supplier to Malaysia, accounting for a 62% share of total imports. Moreover, inorganic oxygen compounds of non-metals imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), ninefold. Taiwan (Chinese) (X tons) ranked third in terms of total imports with a 7.2% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at -11.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+16.0% per year) and Taiwan (Chinese) (+1.7% per year).

In value terms, China ($X) constituted the largest supplier of inorganic oxygen compounds of non-metals to Malaysia, comprising 49% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 9.1% share of total imports. It was followed by the United States, with a 7.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at -14.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+3.4% per year) and the United States (-1.0% per year).

Import Prices by Country

The average import price for inorganic oxygen compounds of non-metals stood at $X per ton in 2021, increasing by 15% against the previous year. Over the period under review, the import price, however, showed a pronounced downturn. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Sri Lanka ($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 United States (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :