Malaysia: Market for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms 2024

Market Size for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms in Malaysia

The Malaysian market for polyethylene with a specific gravity of less than X, in primary forms skyrocketed to $X in 2021, jumping by 30% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Production of Polyethylene with a Specific Gravity of Less than X, in Primary Forms in Malaysia

In value terms, production of polyethylene with a specific gravity of less than X, in primary forms contracted to $X in 2021 estimated in export price. In general, production recorded a slight shrinkage. The pace of growth appeared the most rapid in 2018 with an increase of 129% against the previous year. Production of peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Exports from Malaysia

In 2021, overseas shipments of polyethylene with a specific gravity of less than X, in primary forms decreased by -14.5% to X tons, falling for the second year in a row after two years of growth. In general, exports, however, posted a perceptible increase. The pace of growth was the most pronounced in 2018 when exports increased by 187%. Over the period under review, the exports of reached the peak figure at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, exports of polyethylene with a specific gravity of less than X, in primary forms surged to $X in 2021. Over the period under review, exports, however, saw a tangible expansion. The pace of growth appeared the most rapid in 2018 when exports increased by 183% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

China (X tons), Indonesia (X tons) and Vietnam (X tons) were the main destinations of exports of polyethylene with a specific gravity of less than X, in primary forms from Malaysia, together accounting for 59% of total exports. These countries were followed by Thailand, India, the Philippines, South Korea, Taiwan (Chinese), Bangladesh and Hong Kong SAR, which together accounted for a further 37%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of +17.6%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), Indonesia ($X) and Vietnam ($X) appeared to be the largest markets for polyethylene with a specific gravity of less than X exported from Malaysia worldwide, with a combined 58% share of total exports. Thailand, India, the Philippines, South Korea, Taiwan (Chinese), Bangladesh and Hong Kong SAR lagged somewhat behind, together accounting for a further 37%.

In terms of the main countries of destination, India, with a CAGR of +16.6%, saw the highest growth rate of 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 polyethylene with a specific gravity of less than X, in primary forms stood at $X per ton in 2021, with an increase of 48% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the countries with the highest prices were the Philippines ($X per ton) and Taiwan (Chinese) ($X per ton), while the average price for exports to India ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+1.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Imports into Malaysia

In 2021, purchases abroad of polyethylene with a specific gravity of less than X, in primary forms decreased by -0.2% to X tons, falling for the third year in a row after three years of growth. Overall, imports, however, continue to indicate temperate growth. The most prominent rate of growth was recorded in 2018 with an increase of 70% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports of failed to regain momentum.

In value terms, imports of polyethylene with a specific gravity of less than X, in primary forms soared to $X in 2021. Over the period under review, total imports indicated mild growth from 2012 to 2021: its value increased at an average annual rate of +1.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -44.3% against 2018 indices. The pace of growth appeared the most rapid in 2018 when imports increased by 75% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports of remained at a lower figure.

Imports by Country

In 2021, Saudi Arabia (X tons) constituted the largest supplier of polyethylene with a specific gravity of less than X to Malaysia, with a 46% share of total imports. Moreover, imports of polyethylene with a specific gravity of less than X, in primary forms from Saudi Arabia exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. Singapore (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Saudi Arabia stood at +10.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+35.2% per year) and Singapore (-9.5% per year).

In value terms, Saudi Arabia ($X) constituted the largest supplier of polyethylene with a specific gravity of less than X, in primary forms to Malaysia, comprising 44% of total imports. The second position in the ranking was held by Singapore ($X), with a 13% share of total imports. It was followed by the United States, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Saudi Arabia stood at +8.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (-9.8% per year) and the United States (+27.0% per year).

Import Prices by Country

In 2021, the average import price for polyethylene with a specific gravity of less than X, in primary forms amounted to $X per ton, with an increase of 25% against the previous year. In general, the import price, however, recorded a slight shrinkage. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from the United Arab Emirates ($X per ton) and Indonesia ($X per ton), while the price for the United States ($X per ton) and Kuwait ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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