Malaysia: Market for Reaction Initiators, Reaction Accelerators And Catalytic Preparations 2024

Market Size for Reaction Initiators, Reaction Accelerators And Catalytic Preparations in Malaysia

The Malaysian reaction initiators and accelerators market surged to $X in 2022, jumping by 39% against the previous year. Over the period under review, consumption showed a resilient expansion. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in years to come.

Production of Reaction Initiators, Reaction Accelerators And Catalytic Preparations in Malaysia

In value terms, reaction initiators and accelerators production rose notably to $X in 2022 estimated in export price. In general, production recorded a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 1,275%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Exports from Malaysia

For the third year in a row, Malaysia recorded decline in shipments abroad of reaction initiators, reaction accelerators and catalytic preparations, which decreased by -19.7% to X tons in 2022. Over the period under review, exports, however, saw buoyant growth. The most prominent rate of growth was recorded in 2016 with an increase of 215%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, reaction initiators and accelerators exports amounted to $X in 2022. In general, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 215%. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Vietnam (X tons), Indonesia (X tons) and Thailand (X tons) were the main destinations of reaction initiators and accelerators exports from Malaysia, together accounting for 58% of total exports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +35.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X) remains the key foreign market for reaction initiators, reaction accelerators and catalytic preparations exports from Malaysia, comprising 54% of total exports. The second position in the ranking was taken by Indonesia ($X), with a 26% share of total exports. It was followed by Japan, with a 4.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Thailand totaled +23.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+32.1% per year) and Japan (+11.4% per year).

Export Prices by Country

The average reaction initiators and accelerators export price stood at $X per ton in 2022, increasing by 34% against the previous year. Over the period under review, the export price recorded a prominent increase. The pace of growth appeared the most rapid in 2021 an increase of 53% against the previous year. The export price peaked in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to Vietnam ($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 Indonesia (+20.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Imports into Malaysia

In 2022, overseas purchases of reaction initiators, reaction accelerators and catalytic preparations were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports posted noticeable growth. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, reaction initiators and accelerators imports soared to $X in 2022. In general, imports recorded moderate growth. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons), Saudi Arabia (X tons) and Germany (X tons) were the main suppliers of reaction initiators and accelerators imports to Malaysia, together comprising 49% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Saudi Arabia (with a CAGR of +12.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the United States ($X) and China ($X) appeared to be the largest reaction initiators and accelerators suppliers to Malaysia, with a combined 40% share of total imports. India, Singapore, the UK, Japan and Saudi Arabia lagged somewhat behind, together comprising a further 19%.

Saudi Arabia, with a CAGR of +17.5%, saw the highest growth rate of 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

The average reaction initiators and accelerators import price stood at $X per ton in 2022, with an increase of 4.7% against the previous year. Over the period under review, the import price, however, recorded a mild curtailment. The pace of growth was the most pronounced in 2017 an increase of 34% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 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 Japan ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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