Malaysia: Polycarboxylic Acid Market 2024

Polycarboxylic Acid Market Size in Malaysia

The Malaysian polycarboxylic acid market shrank to $X in 2022, which is down by -12% against the previous year. In general, the total consumption indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +14.7% against 2020 indices. Polycarboxylic acid consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Polycarboxylic Acid Production in Malaysia

In value terms, polycarboxylic acid production reduced to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when the production volume increased by 15%. Polycarboxylic acid production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Polycarboxylic Acid Exports

Exports from Malaysia

In 2022, the amount of polycarboxylic acids exported from Malaysia soared to X tons, with an increase of 20% compared with the previous year's figure. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by 36%. Over the period under review, the exports attained the maximum at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, polycarboxylic acid exports expanded slightly to $X in 2022. Overall, exports, however, continue to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2018 with an increase of 20% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

India (X tons), Vietnam (X tons) and Saudi Arabia (X tons) were the main destinations of polycarboxylic acid exports from Malaysia, together accounting for 47% of total exports. Indonesia, Japan, Thailand, Pakistan, Singapore, the United States and China lagged somewhat behind, together accounting for a further 41%.

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 +29.3%), while the other leaders experienced more modest paces of growth.

In value terms, India ($X), Vietnam ($X) and Japan ($X) were the largest markets for polycarboxylic acid exported from Malaysia worldwide, with a combined 46% share of total exports. Indonesia, Saudi Arabia, Thailand, Singapore, the United States, Pakistan and China lagged somewhat behind, together comprising a further 41%.

The United States, with a CAGR of +21.7%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average polycarboxylic acid export price amounted to $X per ton, shrinking by -14.7% against the previous year. Overall, the export price recorded a perceptible curtailment. The pace of growth appeared the most rapid in 2021 when the average export price increased by 34% against the previous year. Over the period under review, the average export prices reached the peak figure 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 overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Pakistan ($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 China (-2.7%), while the prices for the other major destinations experienced a decline.

Polycarboxylic Acid Imports

Imports into Malaysia

In 2022, approx. X tons of polycarboxylic acids were imported into Malaysia; waning by -8.8% against the previous year. Overall, imports recorded a mild contraction. The pace of growth was the most pronounced in 2016 with an increase of 21% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, polycarboxylic acid imports shrank sharply to $X in 2022. In general, imports continue to indicate a perceptible decrease. The growth pace was the most rapid in 2021 when imports increased by 59% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Taiwan (Chinese) (X tons), China (X tons) and Thailand (X tons) were the main suppliers of polycarboxylic acid imports to Malaysia, together accounting for 72% of total imports. South Korea, Japan, India and Spain lagged somewhat behind, together comprising a further 27%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +26.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X), China ($X) and South Korea ($X) appeared to be the largest polycarboxylic acid suppliers to Malaysia, with a combined 71% share of total imports. Thailand, Japan, India and Spain lagged somewhat behind, together accounting for a further 24%.

Among the main suppliers, Spain, with a CAGR of +16.2%, saw 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 polycarboxylic acid import price stood at $X per ton in 2022, with a decrease of -10.7% against the previous year. In general, the import price continues to indicate a noticeable descent. The pace of growth appeared the most rapid in 2021 when the average import price increased by 31% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, 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 India ($X per ton), while the price for Thailand ($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 (-3.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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