Malaysia: Market for Rosin And Resin Acids And Derivatives 2024

Market Size for Rosin And Resin Acids And Derivatives in Malaysia

The Malaysian rosin and resin acids market contracted to $X in 2022, waning by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a pronounced shrinkage. Rosin and resin acids consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Exports of Rosin And Resin Acids And Derivatives

Exports from Malaysia

Rosin and resin acids exports from Malaysia skyrocketed to X tons in 2022, picking up by X% against the previous year. In general, exports, however, faced a deep contraction. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, rosin and resin acids exports soared to $X in 2022. Overall, exports, however, recorded a abrupt descent. The pace of growth was the most pronounced in 2015 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

India (X tons) was the main destination for rosin and resin acids exports from Malaysia, accounting for a X% share of total exports. Moreover, rosin and resin acids exports to India exceeded the volume sent to the second major destination, Thailand (X tons), threefold. The third position in this ranking was taken by Indonesia (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to India totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (X% per year) and Indonesia (X% per year).

In value terms, India ($X) remains the key foreign market for rosin and resin acids and derivatives exports from Malaysia, comprising X% of total exports. The second position in the ranking was taken by Thailand ($X), with a X% share of total exports. It was followed by Singapore, with a X% share.

From 2012 to 2022, the average annual growth rate of value to India totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (X% per year) and Singapore (X% per year).

Export Prices by Country

In 2022, the average rosin and resin acids export price amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period under review, the export price recorded a perceptible downturn. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Indonesia ($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 Bangladesh (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rosin And Resin Acids And Derivatives

Imports into Malaysia

In 2022, rosin and resin acids imports into Malaysia contracted remarkably to X tons, shrinking by X% on 2021. In general, imports saw a mild reduction. The most prominent rate of growth was recorded in 2016 with an increase of X%. Imports peaked at X tons in 2021, and then contracted notably in the following year.

In value terms, rosin and resin acids imports contracted to $X in 2022. Over the period under review, imports recorded a pronounced decline. The most prominent rate of growth was recorded in 2016 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons), New Zealand (X tons) and the United States (X tons) were the main suppliers of rosin and resin acids imports to Malaysia, together accounting for X% of total imports. Vietnam, Portugal, Indonesia, Taiwan (Chinese) and Singapore lagged somewhat behind, together accounting for a further X%.

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

In value terms, China ($X) constituted the largest supplier of rosin and resin acids and derivatives to Malaysia, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Vietnam (X% per year).

Import Prices by Country

In 2022, the average rosin and resin acids import price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price, however, showed a noticeable shrinkage. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per ton), while the price for New Zealand ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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