Malaysia: Market for Liquid Or Compressed Air And Distilled Or Conductivity Water 2024

Market Size for Liquid Or Compressed Air And Distilled Or Conductivity Water in Malaysia

In 2021, the Malaysian market for liquid or compressed air and distilled or conductivity water was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, showed a noticeable shrinkage. Liquid air and distilled water consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Production of Liquid Or Compressed Air And Distilled Or Conductivity Water in Malaysia

In value terms, liquid air and distilled water production rose notably to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a pronounced reduction. The pace of growth appeared the most rapid in 2016 with an increase of 7.8% against the previous year. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Exports of Liquid Or Compressed Air And Distilled Or Conductivity Water

Exports from Malaysia

In 2021, approx. X tons of liquid or compressed air and distilled or conductivity water were exported from Malaysia; with an increase of 126% on 2020. Over the period under review, exports saw a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, liquid air and distilled water exports expanded notably to $X in 2021. Overall, exports recorded a strong expansion. The pace of growth appeared the most rapid in 2017 with an increase of 49% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Japan (X tons) was the main destination for liquid air and distilled water exports from Malaysia, with a 49% share of total exports. Moreover, liquid air and distilled water exports to Japan exceeded the volume sent to the second major destination, Singapore (X tons), fourfold. The third position in this ranking was held by China (X tons), with an 8.7% share.

From 2012 to 2021, the average annual growth rate of volume to Japan totaled +25.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (-3.7% per year) and China (+43.3% per year).

In value terms, the largest markets for liquid air and distilled water exported from Malaysia were Japan ($X), Singapore ($X) and Vietnam ($X), with a combined 78% share of total exports.

Among the main countries of destination, Japan, with a CAGR of +23.8%, 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 export price for liquid or compressed air and distilled or conductivity water stood at $X per ton in 2021, waning by -50.6% against the previous year. In general, the export price saw a noticeable reduction. The most prominent rate of growth was recorded in 2020 when the average export price increased by 96% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Papua New Guinea ($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 (+10.9%), while the prices for the other major destinations experienced a decline.

Imports of Liquid Or Compressed Air And Distilled Or Conductivity Water

Imports into Malaysia

Liquid air and distilled water imports into Malaysia contracted sharply to X tons in 2021, shrinking by -35.8% on 2020. In general, imports recorded a abrupt contraction. The pace of growth appeared the most rapid in 2014 when imports increased by 195% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, liquid air and distilled water imports reduced sharply to $X in 2021. Over the period under review, imports showed a abrupt decline. The pace of growth appeared the most rapid in 2014 when imports increased by 296% against the previous year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

Japan (X tons), China (X tons) and South Korea (X tons) were the main suppliers of liquid air and distilled water imports to Malaysia, together comprising 66% of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +35.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of liquid or compressed air and distilled or conductivity water to Malaysia, comprising 61% of total imports. The second position in the ranking was taken by Canada ($X), with a 14% share of total imports. It was followed by Japan, with an 8.4% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +58.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (-23.4% per year) and Japan (-3.4% per year).

Import Prices by Country

The average import price for liquid or compressed air and distilled or conductivity water stood at $X per ton in 2021, rising by 31% against the previous year. Overall, the import price, however, recorded a noticeable contraction. The most prominent rate of growth was recorded in 2018 when the average import price increased by 44%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($X per ton), while the price for Israel ($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 (+16.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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