Malaysia: Natural Polymers Market 2024

Natural Polymers Market Size in Malaysia

The Malaysian natural polymers market rose rapidly to $X in 2021, growing by 14% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, posted a strong increase. Over the period under review, the market hit record highs in 2021 and is likely to continue growth in the immediate term.

Natural Polymers Exports

Exports from Malaysia

In 2021, after two years of decline, there was significant growth in shipments abroad of natural and modified natural polymers in primary forms, when their volume increased by 198% to X tons. In general, exports, however, showed a deep slump. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, natural polymers exports surged to $X in 2021. Overall, exports, however, saw a abrupt shrinkage. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for natural polymers exports from Malaysia, with a 36% share of total exports. Moreover, natural polymers exports to the United Arab Emirates exceeded the volume sent to the second major destination, Taiwan (Chinese) (X tons), threefold. The United States (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates amounted to +31.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+6.2% per year) and the United States (+3.8% per year).

In value terms, the largest markets for natural polymers exported from Malaysia were Taiwan (Chinese) ($X), the United Arab Emirates ($X) and Thailand ($X), together comprising 49% of total exports. These countries were followed by Japan, the United States, Singapore, the Philippines, China, Vietnam, Denmark, India, Indonesia and Brunei Darussalam, which together accounted for a further 41%.

Japan, with a CAGR of +40.4%, saw 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 natural polymers export price amounted to $X per ton, stabilizing at the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 34%. The export price peaked at $X per ton in 2020, and then fell in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to the United Arab Emirates ($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 Japan (+20.2%), while the prices for the other major destinations experienced more modest paces of growth.

Natural Polymers Imports

Imports into Malaysia

In 2021, purchases abroad of natural and modified natural polymers in primary forms was finally on the rise to reach X tons after two years of decline. Over the period under review, imports enjoyed a prominent increase. The growth pace was the most rapid in 2018 with an increase of 83%. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, natural polymers imports soared to $X in 2021. Overall, total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when imports increased by 54% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest natural polymers supplier to Malaysia, accounting for a 51% share of total imports. Moreover, natural polymers imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), sixfold. France (X tons) ranked third in terms of total imports with a 3.7% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +18.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-3.2% per year) and France (-8.9% per year).

In value terms, China ($X) constituted the largest supplier of natural and modified natural polymers in primary forms to Malaysia, comprising 43% of total imports. The second position in the ranking was held by the United States ($X), with a 9.7% share of total imports. It was followed by France, with a 5.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +17.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-3.9% per year) and France (-5.3% per year).

Import Prices by Country

In 2021, the average natural polymers import price amounted to $X per ton, jumping by 25% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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 ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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