Malaysia: Market for Propan-1-Ol (Propyl Alcohol) And Propan-2-Ol (Isopropyl Alcohol) 2024

Market Size for Propan-1-Ol (Propyl Alcohol) And Propan-2-Ol (Isopropyl Alcohol) in Malaysia

In 2022, after two years of growth, there was decline in the Malaysian propyl and isopropyl alcohol market, when its value decreased by -3.6% to $X. In general, consumption, however, posted a buoyant increase. Propyl and isopropyl alcohol consumption peaked at $X in 2021, and then fell slightly in the following year.

Exports of Propan-1-Ol (Propyl Alcohol) And Propan-2-Ol (Isopropyl Alcohol)

Exports from Malaysia

In 2022, approx. X tons of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) were exported from Malaysia; rising by 38% on 2021 figures. Overall, exports enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 306%. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, propyl and isopropyl alcohol exports surged to $X in 2022. Over the period under review, exports recorded resilient growth. The pace of growth appeared the most rapid in 2020 with an increase of 265%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Singapore (X tons) was the main destination for propyl and isopropyl alcohol exports from Malaysia, with a 40% share of total exports. Moreover, propyl and isopropyl alcohol exports to Singapore exceeded the volume sent to the second major destination, Indonesia (X tons), twofold. Sri Lanka (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Singapore amounted to +5.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+76.2% per year) and Sri Lanka (+45.9% per year).

In value terms, Singapore ($X) remains the key foreign market for propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) exports from Malaysia, comprising 36% of total exports. The second position in the ranking was held by Indonesia ($X), with a 16% share of total exports. It was followed by Sri Lanka, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Singapore stood at +4.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+58.1% per year) and Sri Lanka (+48.1% per year).

Export Prices by Country

The average propyl and isopropyl alcohol export price stood at $X per ton in 2022, stabilizing at the previous year. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 16% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Africa ($X per ton), while the average price for exports to Yemen ($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 Egypt (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Propan-1-Ol (Propyl Alcohol) And Propan-2-Ol (Isopropyl Alcohol)

Imports into Malaysia

In 2022, overseas purchases of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) decreased by -1.3% to X tons for the first time since 2014, thus ending a seven-year rising trend. In general, imports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2013 when imports increased by 63% against the previous year. Imports peaked at X tons in 2021, and then contracted modestly in the following year.

In value terms, propyl and isopropyl alcohol imports contracted to $X in 2022. Over the period under review, imports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2020 with an increase of 48% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then reduced slightly in the following year.

Imports by Country

Japan (X tons), China (X tons) and South Korea (X tons) were the main suppliers of propyl and isopropyl alcohol imports to Malaysia, together accounting for 80% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +53.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest propyl and isopropyl alcohol suppliers to Malaysia were Japan ($X), China ($X) and South Korea ($X), with a combined 75% share of total imports.

China, with a CAGR of +47.7%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average propyl and isopropyl alcohol import price amounted to $X per ton, approximately mirroring the previous year. Overall, the import price recorded a mild contraction. The most prominent rate of growth was recorded in 2020 an increase of 35% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+1.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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