Malaysia: Market for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms 2024

Market Size for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms in Malaysia

The Malaysian market for polyethylene terephthalate and other polyethylene terephthalate in primary forms contracted to $X in 2022, with a decrease of -6.1% against the previous year. Over the period under review, consumption saw a abrupt descent. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms in Malaysia

In value terms, production of polyethylene terephthalate and other polyethylene terephthalate in primary forms reduced to $X in 2022 estimated in export price. In general, production continues to indicate a abrupt decrease. The growth pace was the most rapid in 2013 when the production volume increased by 20%. As a result, production attained the peak level of $X. From 2014 to 2022, production of growth remained at a lower figure.

Exports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Exports from Malaysia

In 2022, exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms from Malaysia contracted remarkably to X tons, waning by -30% against the previous year's figure. Overall, exports faced a sharp descent. The pace of growth was the most pronounced in 2021 with an increase of 150% against the previous year. Over the period under review, the exports of reached the peak figure at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms contracted markedly to $X in 2022. In general, exports continue to indicate a sharp descent. The growth pace was the most rapid in 2021 when exports increased by 145%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Iran (X tons), Bangladesh (X tons) and China (X tons) were the main destinations of exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms from Malaysia, with a combined 50% share of total exports. Turkey, Australia, the United States, Thailand, Japan, Vietnam, Mozambique, Pakistan, Egypt and India lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of -9.9%), while the other leaders experienced a decline.

In value terms, Iran ($X) remains the key foreign market for polyethylene terephthalate and other polyethylene terephthalate in primary forms exports from Malaysia, comprising 38% of total exports. The second position in the ranking was held by Turkey ($X), with a 7.9% share of total exports. It was followed by Bangladesh, with a 7.3% share.

From 2012 to 2022, the average annual growth rate of value to Iran stood at -26.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (-33.1% per year) and Bangladesh (-36.8% per year).

Export Prices by Country

The average export price for polyethylene terephthalate and other polyethylene terephthalate in primary forms stood at $X per ton in 2022, flattening at the previous year. Over the period under review, the export price, however, recorded a abrupt downturn. The most prominent rate of growth was recorded in 2018 an increase of 12%. The export price peaked 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 external markets. In 2022, amid the top suppliers, the country with the highest price was Iran ($X per ton), while the average price for exports to China ($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 Iran (+1.3%), while the prices for the other major destinations experienced a decline.

Imports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Imports into Malaysia

After five years of decline, overseas purchases of polyethylene terephthalate and other polyethylene terephthalate in primary forms increased by 11% to X tons in 2022. In general, imports, however, faced a sharp shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of 21% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms shrank modestly to $X in 2022. Over the period under review, imports, however, showed a abrupt decline. The pace of growth was the most pronounced in 2013 when imports increased by 17% against the previous year. Over the period under review, imports of attained the maximum at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of polyethylene terephthalate and other polyethylene terephthalate in primary forms to Malaysia, accounting for a 74% share of total imports. Moreover, imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), more than tenfold. Japan (X tons) ranked third in terms of total imports with a 4.9% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -17.6%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-30.5% per year) and Japan (-21.3% per year).

In value terms, China ($X) constituted the largest supplier of polyethylene terephthalate and other polyethylene terephthalate in primary forms to Malaysia, comprising 80% of total imports. The second position in the ranking was taken by Japan ($X), with a 5.3% share of total imports. It was followed by South Korea, with a 3.3% share.

From 2012 to 2022, the average annual growth rate of value from China totaled -13.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-23.2% per year) and South Korea (-34.2% per year).

Import Prices by Country

The average import price for polyethylene terephthalate and other polyethylene terephthalate in primary forms stood at $X per ton in 2022, reducing by -11.8% against the previous year. Over the period under review, the import price, however, recorded a measured increase. The pace of growth was the most pronounced in 2019 an increase of 27%. The import price peaked at $X per ton in 2021, and then dropped in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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