Malaysia: M-Xylene And Xylenes Market 2024

M-Xylene And Xylenes Market Size in Malaysia

The Malaysian m-xylene and xylenes market was estimated at $X in 2022, remaining stable against the previous year. Overall, consumption saw a dramatic shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 4.5%. X-xylene and xylenes consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

M-Xylene And Xylenes Production in Malaysia

In value terms, m-xylene and xylenes production declined notably to $X in 2022 estimated in export price. Overall, production continues to indicate a precipitous contraction. The growth pace was the most rapid in 2014 when the production volume decreased by -5.8%. X-xylene and xylenes production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

M-Xylene And Xylenes Exports

Exports from Malaysia

In 2022, exports of m-xylene and mixed xylene isomers from Malaysia shrank slightly to X tons, reducing by -4.9% against 2021 figures. In general, exports, however, enjoyed measured growth. The growth pace was the most rapid in 2013 when exports increased by 365% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, m-xylene and xylenes exports dropped to $X in 2022. Overall, exports, however, posted a moderate expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 246% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Singapore (X tons) was the main destination for m-xylene and xylenes exports from Malaysia, accounting for a 69% share of total exports. Moreover, m-xylene and xylenes exports to Singapore exceeded the volume sent to the second major destination, Bangladesh (X tons), fivefold. Qatar (X tons) ranked third in terms of total exports with a 7.9% share.

From 2012 to 2022, the average annual growth rate of volume to Singapore amounted to +1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (+27.6% per year) and Qatar (-9.3% per year).

In value terms, Singapore ($X) remains the key foreign market for m-xylene and mixed xylene isomers exports from Malaysia, comprising 65% of total exports. The second position in the ranking was taken by Bangladesh ($X), with a 15% share of total exports. It was followed by Qatar, with a 9.5% share.

From 2012 to 2022, the average annual growth rate of value to Singapore amounted to -1.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (+28.1% per year) and Qatar (-8.4% per year).

Export Prices by Country

In 2022, the average m-xylene and xylenes export price amounted to $X per ton, shrinking by -2.2% against the previous year. Over the period under review, the export price continues to indicate a perceptible downturn. The growth pace was the most rapid in 2015 an increase of 31% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Qatar ($X per ton) and Sri Lanka ($X per ton), while the average price for exports to Singapore ($X per ton) and Bangladesh ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.

M-Xylene And Xylenes Imports

Imports into Malaysia

In 2022, approx. X tons of m-xylene and mixed xylene isomers were imported into Malaysia; growing by 99% compared with 2021 figures. In general, imports, however, showed a abrupt descent. The pace of growth was the most pronounced in 2019 when imports increased by 145% against the previous year. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, m-xylene and xylenes imports skyrocketed to $X in 2022. Over the period under review, imports, however, continue to indicate a deep reduction. Imports peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, South Korea (X tons) constituted the largest supplier of m-xylene and xylenes to Malaysia, with a 67% share of total imports. Moreover, m-xylene and xylenes imports from South Korea exceeded the figures recorded by the second-largest supplier, Thailand (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume from South Korea amounted to +65.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-17.2% per year) and Singapore (-15.4% per year).

In value terms, South Korea ($X) constituted the largest supplier of m-xylene and mixed xylene isomers to Malaysia, comprising 76% of total imports. The second position in the ranking was held by Thailand ($X), with a 16% share of total imports.

From 2012 to 2022, the average annual growth rate of value from South Korea stood at +60.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-22.5% per year) and Singapore (-19.6% per year).

Import Prices by Country

The average m-xylene and xylenes import price stood at $X per ton in 2022, growing by 11% against the previous year. Over the period under review, the import price, however, saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 when the average import price increased by 43%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (-3.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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