Malaysia: Market for Scouring Pastes And Powders 2024

Market Size for Scouring Pastes And Powders in Malaysia

In 2021, after two years of growth, there was decline in the Malaysian scouring pastes and powders market, when its value decreased by -3.5% to $X. The market value increased at an average annual rate of +4.0% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2020, and then reduced modestly in the following year.

Production of Scouring Pastes And Powders in Malaysia

In value terms, scouring pastes and powders production contracted to $X in 2021 estimated in export price. In general, the total production indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +8.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +70.4% against 2018 indices. The pace of growth was the most pronounced in 2013 when the production volume increased by 63%. Scouring pastes and powders production peaked at $X in 2020, and then fell in the following year.

Exports of Scouring Pastes And Powders

Exports from Malaysia

Scouring pastes and powders exports from Malaysia surged to X tons in 2021, rising by 17% on the previous year's figure. Overall, exports, however, continue to indicate a slight decline. The pace of growth appeared the most rapid in 2020 when exports increased by 326%. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, scouring pastes and powders exports soared to $X in 2021. In general, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when exports increased by 436%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Seychelles (X tons), Myanmar (X tons) and Tanzania (X tons) were the main destinations of scouring pastes and powders exports from Malaysia, together accounting for 40% of total exports.

From 2012 to 2021, the biggest increases were recorded for Seychelles (with a CAGR of +149.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for scouring pastes and powders exported from Malaysia were China ($X), Myanmar ($X) and Seychelles ($X), together accounting for 43% of total exports.

Seychelles, with a CAGR of +172.9%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average scouring pastes and powders export price stood at $X per ton in 2021, almost unchanged from the previous year. In general, export price indicated a modest expansion from 2012 to 2021: its price increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, scouring pastes and powders export price increased by +83.9% against 2018 indices. The growth pace was the most rapid in 2019 an increase of 46%. The export price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Guyana ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+19.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Scouring Pastes And Powders

Imports into Malaysia

After two years of decline, overseas purchases of scouring pastes and powders increased by 44% to X tons in 2021. Over the period under review, imports, however, faced a drastic downturn. The most prominent rate of growth was recorded in 2015 with an increase of 117% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, scouring pastes and powders imports soared to $X in 2021. In general, imports, however, showed a deep slump. The pace of growth appeared the most rapid in 2015 when imports increased by 139%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Japan (X tons) constituted the largest scouring pastes and powders supplier to Malaysia, accounting for a 46% share of total imports. Moreover, scouring pastes and powders imports from Japan exceeded the figures recorded by the second-largest supplier, South Korea (X tons), threefold. The third position in this ranking was taken by the UK (X tons), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from Japan totaled -18.0%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+33.9% per year) and the UK (-1.7% per year).

In value terms, Japan ($X) constituted the largest supplier of scouring pastes and powders to Malaysia, comprising 46% of total imports. The second position in the ranking was taken by South Korea ($X), with a 19% share of total imports. It was followed by the UK, with a 14% share.

From 2012 to 2021, the average annual growth rate of value from Japan totaled -15.9%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+42.0% per year) and the UK (-0.7% per year).

Import Prices by Country

The average scouring pastes and powders import price stood at $X per ton in 2021, with an increase of 5% against the previous year. Over the last nine years, it increased at an average annual rate of +2.3%. The pace of growth appeared the most rapid in 2014 when the average import price increased by 28% against the previous year. The import price peaked in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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