Malaysia: Polycarbonate Market 2024

Polycarbonate Market Size in Malaysia

The Malaysian polycarbonate market soared to $X in 2022, increasing by 131% against the previous year. Over the period under review, consumption, however, showed a abrupt setback. Polycarbonate consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Polycarbonate Production in Malaysia

In value terms, polycarbonate production shrank to $X in 2022 estimated in export price. Overall, production, however, enjoyed significant growth. The pace of growth was the most pronounced in 2016 when the production volume increased by 460% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Polycarbonate Exports

Exports from Malaysia

In 2022, polycarbonate exports from Malaysia declined markedly to X tons, falling by -16.2% compared with 2021 figures. In general, exports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2018 when exports increased by 237%. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, polycarbonate exports contracted notably to $X in 2022. Over the period under review, exports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of 174%. The exports peaked at $X in 2021, and then declined remarkably in the following year.

Exports by Country

China (X tons) was the main destination for polycarbonate exports from Malaysia, with a 80% share of total exports. Moreover, polycarbonate exports to China exceeded the volume sent to the second major destination, Taiwan (Chinese) (X tons), more than tenfold. Singapore (X tons) ranked third in terms of total exports with a 3.6% share.

From 2012 to 2022, the average annual growth rate of volume to China totaled +45.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+33.9% per year) and Singapore (+7.7% per year).

In value terms, China ($X) remains the key foreign market for polycarbonates (in primary forms) exports from Malaysia, comprising 66% of total exports. The second position in the ranking was held by the Philippines ($X), with an 8.5% share of total exports. It was followed by Singapore, with an 8.3% share.

From 2012 to 2022, the average annual growth rate of value to China totaled +33.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (+55.7% per year) and Singapore (+6.2% per year).

Export Prices by Country

In 2022, the average polycarbonate export price amounted to $X per ton, shrinking by -6.3% against the previous year. Over the period under review, the export price continues to indicate a abrupt descent. The pace of growth was the most pronounced in 2021 when the average export price increased by 29%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 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 the Philippines ($X per ton), while the average price for exports to China ($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 Philippines (+3.0%), while the prices for the other major destinations experienced mixed trend patterns.

Polycarbonate Imports

Imports into Malaysia

In 2022, supplies from abroad of polycarbonates (in primary forms) increased by 13% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, total imports indicated a measured expansion 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, imports decreased by -25.1% against 2019 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 49%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, polycarbonate imports totaled $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 29%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X tons), the United States (X tons) and Thailand (X tons) were the main suppliers of polycarbonate imports to Malaysia, with a combined 49% share of total imports. These countries were followed by Japan, Singapore, South Korea, Saudi Arabia, Germany, Australia, Taiwan (Chinese), Mexico and Vietnam, which together accounted for a further 42%.

From 2012 to 2022, the biggest increases were recorded for Australia (with a CAGR of +101.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest polycarbonate suppliers to Malaysia were China ($X), Thailand ($X) and Singapore ($X), with a combined 63% share of total imports. South Korea, the United States, Japan, Saudi Arabia, Taiwan (Chinese), Vietnam, Germany, Australia and Mexico lagged somewhat behind, together comprising a further 33%.

Australia, with a CAGR of +58.1%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average polycarbonate import price amounted to $X per ton, dropping by -1.5% against the previous year. Overall, the import price showed a pronounced decrease. The pace of growth was the most pronounced in 2013 when the average import price increased by 3.4%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average 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 Singapore ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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