Malaysia: Oxides Of Boron Market 2024

Oxides Of Boron Market Size in Malaysia

In 2022, after four years of growth, there was significant decline in the Malaysian oxides of boron market, when its value decreased by -39.8% to $X. Over the period under review, consumption recorded a mild reduction. As a result, consumption reached the peak level of $X, and then declined sharply in the following year.

Oxides Of Boron Production in Malaysia

In value terms, oxides of boron production contracted modestly to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed a slight expansion. The most prominent rate of growth was recorded in 2018 with an increase of 342%. Oxides of boron production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Oxides Of Boron Exports

Exports from Malaysia

In 2022, exports of oxides of boron, boric acids and inorganic acids from Malaysia fell to X tons, waning by -3.9% compared with the previous year. Over the period under review, exports, however, saw resilient growth. The growth pace was the most rapid in 2017 with an increase of 41%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, oxides of boron exports skyrocketed to $X in 2022. In general, exports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of 46% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Brazil (X tons) was the main destination for oxides of boron exports from Malaysia, accounting for a 33% share of total exports. Moreover, oxides of boron exports to Brazil exceeded the volume sent to the second major destination, South Africa (X tons), twofold. The third position in this ranking was taken by New Zealand (X tons), with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Brazil stood at +18.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+6.3% per year) and New Zealand (+13.8% per year).

In value terms, Brazil ($X) remains the key foreign market for oxides of boron, boric acids and inorganic acids exports from Malaysia, comprising 33% of total exports. The second position in the ranking was taken by South Africa ($X), with a 15% share of total exports. It was followed by New Zealand, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Brazil totaled +24.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+11.3% per year) and New Zealand (+17.7% per year).

Export Prices by Country

The average oxides of boron export price stood at $X per ton in 2022, surging by 24% against the previous year. Over the last decade, it increased at an average annual rate of +4.5%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to New Zealand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.

Oxides Of Boron Imports

Imports into Malaysia

In 2022, after two years of growth, there was significant decline in supplies from abroad of oxides of boron, boric acids and inorganic acids, when their volume decreased by -46.3% to X tons. Over the period under review, imports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2021 when imports increased by 67% against the previous year. As a result, imports reached the peak of X tons, and then reduced dramatically in the following year.

In value terms, oxides of boron imports declined dramatically to $X in 2022. In general, imports, however, continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 58% against the previous year. Over the period under review, imports attained the maximum at $X in 2021, and then fell rapidly in the following year.

Imports by Country

The United States (X tons), Turkey (X tons) and Chile (X tons) were the main suppliers of oxides of boron imports to Malaysia, with a combined 91% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Chile (with a CAGR of +47.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest oxides of boron suppliers to Malaysia were the United States ($X), Turkey ($X) and Chile ($X), together accounting for 77% of total imports. Jordan, India and Japan lagged somewhat behind, together accounting for a further 15%.

In terms of the main suppliers, Jordan, with a CAGR of +46.0%, 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

The average oxides of boron import price stood at $X per ton in 2022, with an increase of 35% against the previous year. In general, the import price recorded a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+8.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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