Malaysia: Market for Prepared Additives For Cements, Mortars Or Concretes 2024

Market Size for Prepared Additives For Cements, Mortars Or Concretes in Malaysia

The Malaysian prepared additives for cements market expanded to $X in 2022, picking up by 4.2% against the previous year. Overall, consumption, however, posted buoyant growth. Prepared additives for cements consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Prepared Additives For Cements, Mortars Or Concretes in Malaysia

In value terms, prepared additives for cements production rose notably to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 23% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Exports of Prepared Additives For Cements, Mortars Or Concretes

Exports from Malaysia

Prepared additives for cements exports from Malaysia dropped sharply to X tons in 2022, reducing by -19% on 2021. Over the period under review, exports faced a deep downturn. The most prominent rate of growth was recorded in 2014 when exports increased by 73% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, prepared additives for cements exports fell dramatically to $X in 2022. Overall, exports showed a abrupt contraction. The pace of growth was the most pronounced in 2021 when exports increased by 59%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Myanmar (X tons) was the main destination for prepared additives for cements exports from Malaysia, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Myanmar totaled +48.1%.

In value terms, Myanmar ($X) emerged as the key foreign market for prepared additives for cements, mortars or concretes exports from Malaysia.

From 2012 to 2022, the average annual rate of growth in terms of value to Myanmar stood at +35.5%.

Export Prices by Country

In 2022, the average prepared additives for cements export price amounted to $X per ton, approximately reflecting the previous year. Over the period under review, the export price posted a prominent expansion. The most prominent rate of growth was recorded in 2016 an increase of 81% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Myanmar.

From 2012 to 2022, the rate of growth in terms of prices for Hong Kong SAR amounted to +13.6% per year.

Imports of Prepared Additives For Cements, Mortars Or Concretes

Imports into Malaysia

In 2022, prepared additives for cements imports into Malaysia shrank sharply to X tons, falling by -18.4% on 2021 figures. In general, imports continue to indicate a slight shrinkage. The pace of growth appeared the most rapid in 2017 when imports increased by 73% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, prepared additives for cements imports fell significantly to $X in 2022. Overall, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 70% against the previous year. As a result, imports attained the peak of $X, and then reduced markedly in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of prepared additives for cements to Malaysia, with a 83% share of total imports. Moreover, prepared additives for cements imports from China exceeded the figures recorded by the second-largest supplier, Singapore (X tons), eightfold. The third position in this ranking was held by India (X tons), with a 1.6% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (-6.0% per year) and India (+9.0% per year).

In value terms, China ($X) constituted the largest supplier of prepared additives for cements, mortars or concretes to Malaysia, comprising 64% of total imports. The second position in the ranking was taken by Singapore ($X), with a 17% share of total imports. It was followed by India, with a 1.7% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (-8.4% per year) and India (+8.8% per year).

Import Prices by Country

In 2022, the average prepared additives for cements import price amounted to $X per ton, dropping by -2.6% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by 42% against the previous year. The import price peaked at $X per ton in 2021, and then shrank in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+12.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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