Malaysia: Saturated Acyclic Hydrocarbons Market 2024

Saturated Acyclic Hydrocarbons Market Size in Malaysia

The Malaysian saturated acyclic hydrocarbons market declined to $X in 2022, dropping by -1.8% against the previous year. In general, consumption showed a slight decline. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Saturated Acyclic Hydrocarbons Production in Malaysia

In value terms, saturated acyclic hydrocarbons production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production showed a mild slump. The most prominent rate of growth was recorded in 2017 when the production volume increased by 38%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Saturated Acyclic Hydrocarbons Exports

Exports from Malaysia

In 2022, after two years of decline, there was growth in shipments abroad of saturated acyclic hydrocarbons, when their volume increased by 3.7% to X tons. Over the period under review, exports saw a pronounced increase. The pace of growth was the most pronounced in 2014 when exports increased by 337% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, saturated acyclic hydrocarbons exports declined to $X in 2022. In general, exports enjoyed a slight expansion. The pace of growth was the most pronounced in 2014 with an increase of 311% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Saudi Arabia (X tons), China (X tons) and Russia (X tons) were the main destinations of saturated acyclic hydrocarbons exports from Malaysia, together comprising 88% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +36.1%), while the other leaders experienced mixed trend patterns.

In value terms, Saudi Arabia ($X) remains the key foreign market for saturated acyclic hydrocarbons exports from Malaysia, comprising 65% of total exports. The second position in the ranking was taken by Russia ($X), with a 19% share of total exports. It was followed by China, with an 8.1% share.

From 2012 to 2022, the average annual growth rate of value to Saudi Arabia totaled +32.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-12.0% per year) and China (+27.8% per year).

Export Prices by Country

The average saturated acyclic hydrocarbons export price stood at $X per ton in 2022, dropping by -10.4% against the previous year. Over the period under review, the export price continues to indicate a noticeable descent. The growth pace was the most rapid in 2021 when the average export price increased by 25% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to China ($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 Singapore (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.

Saturated Acyclic Hydrocarbons Imports

Imports into Malaysia

In 2022, overseas purchases of saturated acyclic hydrocarbons increased by 0.9% to X tons, rising for the second consecutive year after three years of decline. Overall, imports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2017 with an increase of 184%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, saturated acyclic hydrocarbons imports shrank remarkably to $X in 2022. Over the period under review, imports, however, showed a drastic downturn. The growth pace was the most rapid in 2017 when imports increased by 141%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, South Korea (X tons) constituted the largest saturated acyclic hydrocarbons supplier to Malaysia, accounting for a 59% share of total imports. Moreover, saturated acyclic hydrocarbons imports from South Korea exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. The third position in this ranking was held by Saudi Arabia (X tons), with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from South Korea totaled -8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+4.8% per year) and Saudi Arabia (-16.1% per year).

In value terms, South Korea ($X) constituted the largest supplier of saturated acyclic hydrocarbons to Malaysia, comprising 46% of total imports. The second position in the ranking was taken by the United States ($X), with a 9.8% share of total imports. It was followed by Saudi Arabia, with a 9.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from South Korea stood at -8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-8.1% per year) and Saudi Arabia (-17.0% per year).

Import Prices by Country

The average saturated acyclic hydrocarbons import price stood at $X per ton in 2022, shrinking by -17.7% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 24% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2021, and then reduced dramatically in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($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 (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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