Malaysia: Polyacetals Market 2024

Polyacetals Market Size in Malaysia

The Malaysian polyacetals market surged to $X in 2021, with an increase of 28% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. Polyacetals consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Polyacetals Production in Malaysia

In value terms, polyacetals production surged to $X in 2021 estimated in export price. Over the period under review, production showed a resilient expansion. The pace of growth was the most pronounced in 2014 with an increase of 62% against the previous year. Polyacetals production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Polyacetals Exports

Exports from Malaysia

In 2021, after two years of decline, there was significant growth in overseas shipments of polyacetals in primary forms, when their volume increased by 24% to X tons. Overall, exports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 95%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, polyacetals exports soared to $X in 2021. Over the period under review, exports continue to indicate prominent growth. The pace of growth appeared the most rapid in 2014 with an increase of 64%. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for polyacetals exports from Malaysia, with a 28% share of total exports. Moreover, polyacetals exports to China exceeded the volume sent to the second major destination, Japan (X tons), threefold. The third position in this ranking was taken by Thailand (X tons), with a 9.6% share.

From 2012 to 2021, the average annual growth rate of volume to China totaled +33.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+39.2% per year) and Thailand (-0.2% per year).

In value terms, China ($X) remains the key foreign market for polyacetals in primary forms exports from Malaysia, comprising 27% of total exports. The second position in the ranking was taken by Thailand ($X), with a 12% share of total exports. It was followed by India, with an 8.7% share.

From 2012 to 2021, the average annual growth rate of value to China stood at +26.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (-1.2% per year) and India (+13.9% per year).

Export Prices by Country

The average polyacetals export price stood at $X per ton in 2021, waning by -2.2% against the previous year. In general, the export price recorded a perceptible slump. The most prominent rate of growth was recorded in 2015 an increase of 10%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Germany ($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 Thailand (-1.0%), while the prices for the other major destinations experienced a decline.

Polyacetals Imports

Imports into Malaysia

In 2021, supplies from abroad of polyacetals in primary forms increased by 21% to X tons, rising for the seventh year in a row after two years of decline. Over the period under review, imports saw a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of 59% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, polyacetals imports surged to $X in 2021. Overall, imports posted a remarkable increase. The pace of growth appeared the most rapid in 2017 when imports increased by 43% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

Japan (X tons), the United States (X tons) and South Korea (X tons) were the main suppliers of polyacetals imports to Malaysia, together accounting for 50% of total imports. These countries were followed by the UK, Germany, Hong Kong SAR, Brazil, Thailand, Singapore, Belgium, China, Malta and Taiwan (Chinese), which together accounted for a further 42%.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +118.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest polyacetals suppliers to Malaysia were Japan ($X), South Korea ($X) and China ($X), with a combined 61% share of total imports. These countries were followed by the United States, Germany, Singapore, Brazil, Thailand, the UK, Taiwan (Chinese), Belgium, Hong Kong SAR and Malta, which together accounted for a further 36%.

Among the main suppliers, Brazil, with a CAGR of +73.5%, saw the highest rates of growth with regard to 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 polyacetals import price stood at $X per ton in 2021, which is down by -4.7% against the previous year. Over the period under review, the import price recorded a slight curtailment. The pace of growth was the most pronounced in 2019 when the average import price increased by 5.3% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+14.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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