Malaysia: Platinum Catalysts Market 2024

Platinum Catalysts Market Size in Malaysia

In 2022, after two years of growth, there was decline in the Malaysian platinum catalysts market, when its value decreased by -3.9% to $X. In general, consumption faced a abrupt curtailment. Platinum catalysts consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Platinum Catalysts Production in Malaysia

In value terms, platinum catalysts production reduced to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a mild decrease. The growth pace was the most rapid in 2013 when the production volume increased by 10%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Platinum Catalysts Exports

Exports from Malaysia

In 2022, platinum catalysts exports from Malaysia dropped remarkably to X kg, which is down by -40% compared with the previous year. Overall, exports faced a precipitous shrinkage. The pace of growth appeared the most rapid in 2019 when exports increased by 4,533%. As a result, the exports attained the peak of X kg. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, platinum catalysts exports dropped markedly to $X in 2022. In general, exports continue to indicate a sharp descent. The pace of growth was the most pronounced in 2019 when exports increased by 2,217%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Indonesia (X kg), the UK (X kg) and Thailand (X kg) were the main destinations of platinum catalysts exports from Malaysia.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Indonesia (with a CAGR of -21.3%), while the other leaders experienced a decline.

In value terms, Thailand ($X) emerged as the key foreign market for platinum catalysts exports from Malaysia, comprising 24% of total exports. The second position in the ranking was held by Japan ($X), with a 1.6% share of total exports. It was followed by Indonesia, with a 0.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Thailand totaled -41.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-57.4% per year) and Indonesia (-53.6% per year).

Export Prices by Country

In 2022, the average platinum catalysts export price amounted to $X per kg, declining by -4.6% against the previous year. In general, the export price continues to indicate a abrupt decrease. The growth pace was the most rapid in 2021 when the average export price increased by 38% against the previous year. Over the period under review, the average export prices reached the maximum at $X per kg in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+582.7%), while the prices for the other major destinations experienced mixed trend patterns.

Platinum Catalysts Imports

Imports into Malaysia

Platinum catalysts imports into Malaysia shrank remarkably to X kg in 2022, which is down by -17.2% compared with the previous year's figure. Overall, imports saw a dramatic decline. The growth pace was the most rapid in 2017 with an increase of 395% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, platinum catalysts imports shrank significantly to $X in 2022. In general, imports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2017 when imports increased by 1,083%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Singapore (X kg), Japan (X kg) and China (X kg) were the main suppliers of platinum catalysts imports to Malaysia, with a combined 98% share of total imports. These countries were followed by the UK, which accounted for a further 2.4%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +7.2%), while imports for the other leaders experienced a decline.

In value terms, Singapore ($X) constituted the largest supplier of platinum catalysts to Malaysia, comprising 63% of total imports. The second position in the ranking was held by Japan ($X), with a 31% share of total imports. It was followed by China, with a 3.7% share.

From 2012 to 2022, the average annual growth rate of value from Singapore amounted to +24.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-24.2% per year) and China (+5.8% per year).

Import Prices by Country

In 2022, the average platinum catalysts import price amounted to $X per kg, with a decrease of -23.5% against the previous year. In general, the import price, however, recorded strong growth. The pace of growth was the most pronounced in 2021 an increase of 145%. As a result, import price reached the peak level of $X per kg, and then contracted rapidly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+1,254.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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