Malaysia: Prepared Binders Market 2024

Prepared Binders Market Size in Malaysia

The Malaysian prepared binders market reduced to $X in 2021, with a decrease of -9.6% against the previous year. Over the period under review, consumption, however, enjoyed a strong increase. Prepared binders consumption peaked at $X in 2020, and then contracted in the following year.

Prepared Binders Production in Malaysia

In value terms, prepared binders production contracted to $X in 2021 estimated in export price. In general, production, however, enjoyed a prominent expansion. The pace of growth was the most pronounced in 2015 with an increase of 46% against the previous year. Prepared binders production peaked at $X in 2020, and then fell in the following year.

Prepared Binders Exports

Exports from Malaysia

In 2021, approx. X tons of prepared binders for foundry moulds or cores were exported from Malaysia; falling by -2.6% on the previous year. In general, exports, however, enjoyed a buoyant increase. The growth pace was the most rapid in 2016 with an increase of 71% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, prepared binders exports surged to $X in 2021. Overall, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2017 with an increase of 107%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Indonesia (X tons), the Philippines (X tons) and Singapore (X tons) were the main destinations of prepared binders exports from Malaysia, with a combined 90% share of total exports.

From 2012 to 2021, the biggest increases were recorded for the Philippines (with a CAGR of +63.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), the Philippines ($X) and Singapore ($X) appeared to be the largest markets for prepared binders exported from Malaysia worldwide, with a combined 96% share of total exports.

In terms of the main countries of destination, the Philippines, with a CAGR of +80.0%, saw the highest rates of growth with regard to 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 prepared binders export price stood at $X per ton in 2021, with an increase of 59% against the previous year. In general, the export price enjoyed a resilient increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Singapore ($X per ton), while the average price for exports to Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+18.9%), while the prices for the other major destinations experienced more modest paces of growth.

Prepared Binders Imports

Imports into Malaysia

In 2021, approx. X tons of prepared binders for foundry moulds or cores were imported into Malaysia; surging by 3.6% compared with the year before. In general, imports, however, faced a abrupt contraction. The most prominent rate of growth was recorded in 2014 when imports increased by 53%. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, prepared binders imports reached $X in 2021. Overall, imports, however, recorded a drastic downturn. The pace of growth appeared the most rapid in 2013 with an increase of 58% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Indonesia (X tons) constituted the largest prepared binders supplier to Malaysia, accounting for a 41% share of total imports. Moreover, prepared binders imports from Indonesia exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The third position in this ranking was held by Singapore (X tons), with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Indonesia totaled +18.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-16.8% per year) and Singapore (-4.9% per year).

In value terms, Singapore ($X), Sweden ($X) and Japan ($X) were the largest prepared binders suppliers to Malaysia, with a combined 47% share of total imports.

Sweden, with a CAGR of +64.1%, recorded the highest rates of growth with regard to 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

The average prepared binders import price stood at $X per ton in 2021, increasing by 11% against the previous year. Over the period under review, the import price, however, showed a pronounced decline. The most prominent rate of growth was recorded in 2013 an increase of 17% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+22.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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