Malaysia: Market for Plasticised Mixed Polyvinyl Chloride in Primary Forms 2024

Market Size for Plasticised Mixed Polyvinyl Chloride in Primary Forms in Malaysia

The Malaysian market for plasticised mixed polyvinyl chloride in primary forms fell to $X in 2022, waning by -2.8% against the previous year. In general, consumption recorded a noticeable downturn. Consumption of peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Production of Plasticised Mixed Polyvinyl Chloride in Primary Forms in Malaysia

In value terms, production of plasticised mixed polyvinyl chloride in primary forms dropped slightly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a slight contraction. The most prominent rate of growth was recorded in 2015 with an increase of 15%. Over the period under review, production of hit record highs at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Exports of Plasticised Mixed Polyvinyl Chloride in Primary Forms

Exports from Malaysia

In 2022, overseas shipments of plasticised mixed polyvinyl chloride in primary forms decreased by -0.7% to X tons for the first time since 2017, thus ending a four-year rising trend. Over the period under review, exports, however, saw a prominent increase. The pace of growth was the most pronounced in 2019 with an increase of 155%. The exports peaked at X tons in 2021, and then reduced in the following year.

In value terms, exports of plasticised mixed polyvinyl chloride in primary forms shrank to $X in 2022. In general, exports, however, enjoyed a resilient increase. The growth pace was the most rapid in 2019 with an increase of 74% against the previous year. Over the period under review, the exports of attained the peak figure at $X in 2021, and then contracted in the following year.

Exports by Country

China (X tons) was the main destination for exports of plasticised mixed polyvinyl chloride in primary forms from Malaysia, accounting for a 31% share of total exports. Moreover, exports of plasticised mixed polyvinyl chloride in primary forms to China exceeded the volume sent to the second major destination, Vietnam (X tons), twofold. The third position in this ranking was held by Singapore (X tons), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to China totaled +55.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+35.1% per year) and Singapore (+4.1% per year).

In value terms, the largest markets for plasticised mixed polyvinyl chloride in primary forms exported from Malaysia were China ($X), Singapore ($X) and Vietnam ($X), with a combined 51% share of total exports.

Among the main countries of destination, China, with a CAGR of +43.4%, recorded the highest rates of growth with regard to 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

The average export price for plasticised mixed polyvinyl chloride in primary forms stood at $X per ton in 2022, with a decrease of -13.2% against the previous year. Overall, the export price saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 an increase of 35% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Tanzania ($X per ton), while the average price for exports to Djibouti ($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 Tanzania (-1.7%), while the prices for the other major destinations experienced a decline.

Imports of Plasticised Mixed Polyvinyl Chloride in Primary Forms

Imports into Malaysia

In 2022, after four years of growth, there was significant decline in supplies from abroad of plasticised mixed polyvinyl chloride in primary forms, when their volume decreased by -8.3% to X tons. In general, total imports indicated measured growth from 2012 to 2022: its volume increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.1% against 2017 indices. The most prominent rate of growth was recorded in 2019 when imports increased by 28% against the previous year. Imports peaked at X tons in 2021, and then dropped in the following year.

In value terms, imports of plasticised mixed polyvinyl chloride in primary forms shrank to $X in 2022. The total import value increased at an average annual rate of +3.1% 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 2021 with an increase of 25% against the previous year. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

In 2022, Taiwan (Chinese) (X tons) constituted the largest plasticised mixed polyvinyl chloride in primary forms supplier to Malaysia, accounting for a 44% share of total imports. Moreover, imports of plasticised mixed polyvinyl chloride in primary forms from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. Singapore (X tons) ranked third in terms of total imports with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Taiwan (Chinese) totaled +38.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+35.9% per year) and Singapore (-5.8% per year).

In value terms, China ($X), Singapore ($X) and Taiwan (Chinese) ($X) constituted the largest plasticised mixed polyvinyl chloride in primary forms suppliers to Malaysia, together comprising 68% of total imports.

Among the main suppliers, China, with a CAGR of +33.6%, 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 import price for plasticised mixed polyvinyl chloride in primary forms stood at $X per ton in 2022, reducing by -2% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average import price increased by 15% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+16.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :