Malaysia: Roasted Iron Pyrites Market 2024

Roasted Iron Pyrites Market Size in Malaysia

The Malaysian roasted iron pyrites market contracted notably to $X in 2021, waning by -23.4% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Roasted Iron Pyrites Production in Malaysia

In value terms, roasted iron pyrites production stood at less than $X in 2021 estimated in export price. In general, production faced a dramatic shrinkage. The pace of growth appeared the most rapid in 2015 when the production volume increased by 191% against the previous year. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Roasted Iron Pyrites Exports

Exports from Malaysia

In 2021, shipments abroad of roasted iron pyrites decreased by -19% to X tons, falling for the fifth consecutive year after two years of growth. Overall, exports continue to indicate a sharp descent. The most prominent rate of growth was recorded in 2015 when exports increased by 271% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, roasted iron pyrites exports declined markedly to $X in 2021. Over the period under review, exports showed a significant decrease. The most prominent rate of growth was recorded in 2015 with an increase of 391% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Indonesia (X tons) was the main destination for roasted iron pyrites exports from Malaysia, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Indonesia stood at -27.5%.

In value terms, Indonesia ($X) also remains the key foreign market for roasted iron pyrites exports from Malaysia.

From 2012 to 2021, the average annual rate of growth in terms of value to Indonesia stood at -30.3%.

Export Prices by Country

The average roasted iron pyrites export price stood at $X per ton in 2021, reducing by -18.1% against the previous year. Over the period under review, the export price recorded a perceptible setback. The pace of growth appeared the most rapid in 2014 when the average export price increased by 47%. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for South Africa amounted to -2.4% per year.

Roasted Iron Pyrites Imports

Imports into Malaysia

In 2021, overseas purchases of roasted iron pyrites decreased by -62.4% to X tons, falling for the second consecutive year after six years of growth. In general, imports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2018 with an increase of 166% against the previous year. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, roasted iron pyrites imports declined markedly to $X in 2021. Overall, imports, however, showed a buoyant increase. The pace of growth appeared the most rapid in 2018 with an increase of 158%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest roasted iron pyrites supplier to Malaysia, with a 65% share of total imports. Moreover, roasted iron pyrites imports from China exceeded the figures recorded by the second-largest supplier, South Africa (X tons), threefold. The UK (X tons) ranked third in terms of total imports with a 6.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +10.9%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (0.0% per year) and the UK (-6.4% per year).

In value terms, China ($X) constituted the largest supplier of roasted iron pyrites to Malaysia, comprising 48% of total imports. The second position in the ranking was taken by South Africa ($X), with a 23% share of total imports. It was followed by the UK, with a 16% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +13.2%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (0.0% per year) and the UK (-1.6% per year).

Import Prices by Country

In 2021, the average roasted iron pyrites import price amounted to $X per ton, increasing by 11% against the previous year. Over the period under review, the import price, however, recorded a slight reduction. The growth pace was the most rapid in 2016 an increase of 12% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for China ($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 UK (+5.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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