Malaysia: Insecticide Market 2025

Insecticide Market Size in Malaysia

After two years of growth, the Malaysian insecticide market decreased by -14.4% to $X in 2021. The market value increased at an average annual rate of +1.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Insecticide consumption peaked at $X in 2020, and then dropped in the following year.

Insecticide Production in Malaysia

In value terms, insecticide production dropped to $X in 2021 estimated in export price. Overall, production saw a noticeable decrease. The growth pace was the most rapid in 2017 with an increase of 101%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Insecticide Exports

Exports from Malaysia

In 2021, overseas shipments of insecticides increased by 7.1% to X tons, rising for the second year in a row after two years of decline. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 28%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, insecticide exports declined to $X in 2021. In general, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by 23% against the previous year. As a result, the exports reached the peak of $X, and then shrank in the following year.

Exports by Country

Australia (X tons), Thailand (X tons) and Japan (X tons) were the main destinations of insecticide exports from Malaysia, together accounting for 39% of total exports. South Africa, Taiwan (Chinese), Indonesia, South Korea, Pakistan, New Zealand, Sri Lanka, Singapore, Nigeria and the United States lagged somewhat behind, together comprising a further 45%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +69.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for insecticide exported from Malaysia were Thailand ($X), Singapore ($X) and Australia ($X), together comprising 36% of total exports. Japan, Indonesia, Taiwan (Chinese), South Africa, South Korea, New Zealand, Sri Lanka, the United States, Pakistan and Nigeria lagged somewhat behind, together accounting for a further 43%.

The United States, with a CAGR of +75.2%, recorded the highest growth rate of 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 2021, the average insecticide export price amounted to $X per ton, waning by -17.1% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average export price increased by 14% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Pakistan ($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 Indonesia (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.

Insecticide Imports

Imports into Malaysia

For the fourth year in a row, Malaysia recorded growth in purchases abroad of insecticides, which increased by 4.7% to X tons in 2021. In general, total imports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +9.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +51.8% against 2017 indices. The most prominent rate of growth was recorded in 2015 with an increase of 43% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, insecticide imports amounted to $X in 2021. Over the period under review, total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +7.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +55.6% against 2017 indices. The most prominent rate of growth was recorded in 2015 with an increase of 17% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

Thailand (X tons), China (X tons) and Indonesia (X tons) were the main suppliers of insecticide imports to Malaysia, together comprising 84% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +37.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest insecticide suppliers to Malaysia were Thailand ($X), China ($X) and Indonesia ($X), together comprising 70% of total imports.

In terms of the main suppliers, Thailand, with a CAGR of +27.8%, recorded 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

In 2021, the average insecticide import price amounted to $X per ton, surging by 8% against the previous year. Overall, the import price, however, recorded a perceptible decline. 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 Japan ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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