Malaysia: Phosphinates And Phosphonates Market 2024

Phosphinates And Phosphonates Market Size in Malaysia

In 2022, the Malaysian phosphinates and phosphonates market decreased by -6.2% to $X for the first time since 2019, thus ending a two-year rising trend. The market value increased at an average annual rate of +2.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Phosphinates And Phosphonates Exports

Exports from Malaysia

In 2022, shipments abroad of phosphinates (hypophosphites) and phosphonates (phosphites) decreased by -4.4% to X tons for the first time since 2016, thus ending a five-year rising trend. Overall, total exports indicated a tangible increase from 2012 to 2022: its volume increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +110.8% against 2016 indices. The growth pace was the most rapid in 2017 with an increase of 43%. Over the period under review, the exports attained the peak figure at X tons in 2021, and then fell slightly in the following year.

In value terms, phosphinates and phosphonates exports reduced to $X in 2022. Over the period under review, exports saw a noticeable downturn. The most prominent rate of growth was recorded in 2017 with an increase of 44% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Taiwan (Chinese) (X tons) was the main destination for phosphinates and phosphonates exports from Malaysia, with a 89% share of total exports. Moreover, phosphinates and phosphonates exports to Taiwan (Chinese) exceeded the volume sent to the second major destination, the United States (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Taiwan (Chinese) totaled +2.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+213.0% per year) and Indonesia (+25.7% per year).

In value terms, Taiwan (Chinese) ($X) remains the key foreign market for phosphinates (hypophosphites) and phosphonates (phosphites) exports from Malaysia, comprising 90% of total exports. The second position in the ranking was taken by the United States ($X), with a 6.5% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Taiwan (Chinese) stood at -2.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+216.0% per year) and Indonesia (+17.4% per year).

Export Prices by Country

The average phosphinates and phosphonates export price stood at $X per ton in 2022, declining by -4.5% against the previous year. In general, the export price showed a deep setback. The most prominent rate of growth was recorded in 2021 when the average export price increased by 10% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to Indonesia ($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 the United States (+0.9%), while the prices for the other major destinations experienced a decline.

Phosphinates And Phosphonates Imports

Imports into Malaysia

Phosphinates and phosphonates imports into Malaysia expanded notably to X tons in 2022, with an increase of 6.5% on the year before. The total import volume increased at an average annual rate of +1.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 with an increase of 46%. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, phosphinates and phosphonates imports contracted to $X in 2022. The total import value increased at an average annual rate of +3.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 33%. As a result, imports attained the peak of $X, and then contracted in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest phosphinates and phosphonates supplier to Malaysia, with a 66% share of total imports. Moreover, phosphinates and phosphonates imports from China exceeded the figures recorded by the second-largest supplier, Switzerland (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume from China stood at +3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+2.9% per year) and Japan (-13.7% per year).

In value terms, China ($X) constituted the largest supplier of phosphinates (hypophosphites) and phosphonates (phosphites) to Malaysia, comprising 62% of total imports. The second position in the ranking was taken by Switzerland ($X), with a 28% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+4.2% per year) and Japan (-8.0% per year).

Import Prices by Country

In 2022, the average phosphinates and phosphonates import price amounted to $X per ton, dropping by -17.7% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 34%. As a result, import price reached the peak level of $X per ton, and then dropped markedly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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