Malaysia: Peroxides Of Sodium Market 2024

Peroxides Of Sodium Market Size in Malaysia

In 2021, the Malaysian peroxides of sodium market decreased by -2.1% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, consumption saw a abrupt downturn. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Peroxides Of Sodium Exports

Exports from Malaysia

In 2021, shipments abroad of peroxides of sodium or potassium increased by 11% to X tons, rising for the second year in a row after two years of decline. Overall, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 1,175%. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, peroxides of sodium exports dropped to $X in 2021. Over the period under review, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2013 when exports increased by 447%. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Senegal (X tons), Singapore (X tons) and Brunei Darussalam (X tons) were the main destinations of peroxides of sodium exports from Malaysia, together accounting for 97% of total exports.

From 2012 to 2021, the biggest increases were recorded for Brunei Darussalam (with a CAGR of +112.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for peroxides of sodium exported from Malaysia were Senegal ($X), Singapore ($X) and Brunei Darussalam ($X), together comprising 87% of total exports.

Among the main countries of destination, Brunei Darussalam, with a CAGR of +93.9%, recorded 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 peroxides of sodium export price amounted to $X per ton, with a decrease of -19% against the previous year. Overall, the export price faced a abrupt shrinkage. The pace of growth appeared the most rapid in 2016 an increase of 225% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was the Philippines ($X per ton), while the average price for exports to Senegal ($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 Brunei Darussalam (-8.8%), while the prices for the other major destinations experienced a decline.

Peroxides Of Sodium Imports

Imports into Malaysia

In 2021, after two years of growth, there was decline in supplies from abroad of peroxides of sodium or potassium, when their volume decreased by -3.1% to X tons. Overall, imports recorded a pronounced reduction. The pace of growth appeared the most rapid in 2016 when imports increased by 123% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, peroxides of sodium imports rose remarkably to $X in 2021. Over the period under review, imports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2016 with an increase of 615% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Thailand (X tons) constituted the largest peroxides of sodium supplier to Malaysia, with a 66% share of total imports. Moreover, peroxides of sodium imports from Thailand exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), sixfold. The third position in this ranking was taken by Spain (X tons), with an 8.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Thailand amounted to +3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+4.0% per year) and Spain (+6.0% per year).

In value terms, Thailand ($X) constituted the largest supplier of peroxides of sodium or potassium to Malaysia, comprising 49% of total imports. The second position in the ranking was held by Spain ($X), with a 19% share of total imports. It was followed by Japan, with an 8.6% share.

From 2012 to 2021, the average annual growth rate of value from Thailand stood at +6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+5.1% per year) and Japan (-22.8% per year).

Import Prices by Country

In 2021, the average peroxides of sodium import price amounted to $X per ton, growing by 17% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2016 an increase of 221% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2021, the average 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 Japan ($X per ton), while the price for Singapore ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+2.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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