Malaysia: Market for Lauric Acid And Other Acids, Their Salts And Esters 2025

Market Size for Lauric Acid And Other Acids, Their Salts And Esters in Malaysia

The Malaysian market for lauric acid and other acids, their salts and esters expanded sharply to $X in 2021, surging by 12% against the previous year. Overall, consumption, however, continues to indicate a pronounced decrease. Consumption of peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Lauric Acid And Other Acids, Their Salts And Esters in Malaysia

In value terms, production of lauric acid and other acids, their salts and esters totaled $X in 2021 estimated in export price. Over the period under review, production, however, saw a mild curtailment. The growth pace was the most rapid in 2017 with an increase of 23%. Over the period under review, production of hit record highs at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Exports of Lauric Acid And Other Acids, Their Salts And Esters

Exports from Malaysia

In 2021, approx. X tons of lauric acid and other acids, their salts and esters were exported from Malaysia; growing by 25% compared with 2020. 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 throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of lauric acid and other acids, their salts and esters skyrocketed to $X in 2021. Over the period under review, total exports indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X tons) was the main destination for exports of lauric acid and other acids, their salts and esters from Malaysia, with a 24% share of total exports. Moreover, exports of lauric acid and other acids, their salts and esters to China exceeded the volume sent to the second major destination, India (X tons), twofold. The third position in this ranking was taken by the United States (X tons), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to China amounted to +4.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+0.9% per year) and the United States (+9.2% per year).

In value terms, China ($X), the United States ($X) and Japan ($X) were the largest markets for lauric acid and other acids, their salts and esters exported from Malaysia worldwide, together accounting for 45% of total exports. These countries were followed by India, the Netherlands, South Korea, Pakistan, Indonesia, Thailand, Belgium, Spain, Brazil and Mexico, which together accounted for a further 41%.

Pakistan, with a CAGR of +27.3%, saw the highest growth rate of the value of exports, among 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 lauric acid and other acids, their salts and esters stood at $X per ton in 2021, jumping by 61% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Belgium ($X per ton), while the average price for exports to Pakistan ($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 Spain (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Lauric Acid And Other Acids, Their Salts And Esters

Imports into Malaysia

In 2021, imports of lauric acid and other acids, their salts and esters into Malaysia skyrocketed to X tons, with an increase of 96% against the year before. Overall, imports posted a remarkable increase. The pace of growth was the most pronounced in 2019 with an increase of 114% against the previous year. Imports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, imports of lauric acid and other acids, their salts and esters skyrocketed to $X in 2021. Over the period under review, imports continue to indicate a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Indonesia (X tons) constituted the largest supplier of lauric acid and other acids, their salts and esters to Malaysia, accounting for a 61% share of total imports. Moreover, imports of lauric acid and other acids, their salts and esters from Indonesia exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was taken by Sweden (X tons), with a 2.9% share.

From 2012 to 2021, the average annual growth rate of volume from Indonesia stood at +34.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+10.8% per year) and Sweden (+60.4% per year).

In value terms, Indonesia ($X) constituted the largest supplier of lauric acid and other acids, their salts and esters to Malaysia, comprising 62% of total imports. The second position in the ranking was held by China ($X), with an 11% share of total imports. It was followed by Japan, with a 6.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Indonesia stood at +20.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+9.2% per year) and Japan (+0.1% per year).

Import Prices by Country

In 2021, the average import price for lauric acid and other acids, their salts and esters amounted to $X per ton, increasing by 15% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt contraction. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: 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 2021, the most notable rate of growth in terms of prices was attained by China (-1.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :