Malaysia: Market for Oxides Of Boron and Boric Acids 2024

Market Size for Oxides Of Boron and Boric Acids in Malaysia

In 2021, the Malaysian market for oxides of boron and boric acids increased by 88% to $X, rising for the second year in a row after two years of decline. Over the period under review, the total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +8.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +132.0% against 2019 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Oxides Of Boron and Boric Acids

Exports from Malaysia

In 2021, overseas shipments of oxides of boron and boric acids increased by 6.9% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 251% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, boron oxide and boric acid exports skyrocketed to $X in 2021. In general, exports continue to indicate prominent growth. The pace of growth was the most pronounced in 2020 with an increase of 207%. The exports peaked in 2021 and are likely to see steady growth in years to come.

Exports by Country

Singapore (X tons), the United Arab Emirates (X tons) and Australia (X tons) were the main destinations of boron oxide and boric acid exports from Malaysia, together comprising 92% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of +724.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for boron oxide and boric acid exported from Malaysia were Singapore ($X), the United Arab Emirates ($X) and Australia ($X), with a combined 92% share of total exports.

In terms of the main countries of destination, the United Arab Emirates, with a CAGR of +316.0%, saw 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

In 2021, the average export price for oxides of boron and boric acids amounted to $X per ton, picking up by 8% against the previous year. Over the period under review, the export price, however, showed a pronounced slump. The most prominent rate of growth was recorded in 2018 an increase of 26%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2021, the countries with the highest prices were Australia ($X per ton) and the United Arab Emirates ($X per ton), while the average price for exports to New Zealand ($X per ton) and Singapore ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (-2.0%), while the prices for the other major destinations experienced a decline.

Imports of Oxides Of Boron and Boric Acids

Imports into Malaysia

In 2021, purchases abroad of oxides of boron and boric acids increased by 78% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports recorded a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, boron oxide and boric acid imports skyrocketed to $X in 2021. In general, total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +7.5% 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 +138.1% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States (X tons), Turkey (X tons) and Chile (X tons) were the main suppliers of boron oxide and boric acid imports to Malaysia, together comprising 97% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Chile (with a CAGR of +57.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), the United States ($X) and Chile ($X) were the largest boron oxide and boric acid suppliers to Malaysia, together accounting for 95% of total imports.

Among the main suppliers, Chile, with a CAGR of +49.0%, recorded the highest growth rate of 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

In 2021, the average import price for oxides of boron and boric acids amounted to $X per ton, rising by 3% against the previous year. In general, the import price, however, showed a pronounced slump. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the highest price was recorded for prices from Japan ($X per ton) and Chile ($X per ton), while the price for the United States ($X per ton) and Turkey ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Peru (-3.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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