Malaysia: Cyclic Hydrocarbons Market 2024

Cyclic Hydrocarbons Market Size in Malaysia

The Malaysian cyclic hydrocarbons market dropped to $X in 2021, remaining relatively unchanged against the previous year. Overall, consumption recorded a noticeable contraction. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Cyclic Hydrocarbons Production in Malaysia

In value terms, cyclic hydrocarbons production expanded modestly to $X in 2021 estimated in export price. Overall, production, however, recorded a slight downturn. The growth pace was the most rapid in 2014 with an increase of 31%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Cyclic Hydrocarbons Exports

Exports from Malaysia

In 2021, cyclic hydrocarbons exports from Malaysia expanded sharply to X tons, picking up by 11% against the year before. Overall, exports showed a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of 146%. Over the period under review, the exports reached the peak figure in 2021 and are likely to continue growth in the immediate term.

In value terms, cyclic hydrocarbons exports reduced to $X in 2021. In general, exports posted significant growth. The pace of growth was the most pronounced in 2018 when exports increased by 110%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Singapore (X tons) was the main destination for cyclic hydrocarbons exports from Malaysia, with a 94% share of total exports. Moreover, cyclic hydrocarbons exports to Singapore exceeded the volume sent to the second major destination, the Philippines (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Singapore totaled +42.2%.

In value terms, Singapore ($X) and the Philippines ($X) were the largest markets for cyclic hydrocarbons exported from Malaysia worldwide.

Among the main countries of destination, the Philippines, with a CAGR of +123.0%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The average cyclic hydrocarbons export price stood at $X per ton in 2021, which is down by -12.8% against the previous year. Over the period under review, the export price continues to indicate a deep downturn. The growth pace was the most rapid in 2014 an increase of 52% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was the Philippines ($X per ton), while the average price for exports to Singapore totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+35.3%), while the prices for the other major destinations experienced a decline.

Cyclic Hydrocarbons Imports

Imports into Malaysia

In 2021, approx. X tons of other cyclic hydrocarbons were imported into Malaysia; growing by 9.6% against the year before. Overall, imports saw buoyant growth. The growth pace was the most rapid in 2016 with an increase of 129% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports failed to regain momentum.

In value terms, cyclic hydrocarbons imports rose sharply to $X in 2021. Over the period under review, total imports indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +4.4% 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 +25.4% against 2016 indices. The most prominent rate of growth was recorded in 2016 with an increase of 70% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the near future.

Imports by Country

China (X tons), the United States (X tons) and Indonesia (X tons) were the main suppliers of cyclic hydrocarbons imports to Malaysia, with a combined 66% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Indonesia (with a CAGR of +320.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Indonesia ($X) and China ($X) constituted the largest cyclic hydrocarbons suppliers to Malaysia, together comprising 72% of total imports.

In terms of the main suppliers, Indonesia, with a CAGR of +442.0%, saw the highest rates of growth with regard to 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

The average cyclic hydrocarbons import price stood at $X per ton in 2021, remaining stable against the previous year. Over the period under review, the import price saw a slight setback. The growth pace was the most rapid in 2017 when the average import price increased by 70%. 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, the country with the highest price was France ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+29.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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