Malaysia: Market for Sulphates Of Barium Or Aluminium 2024

Market Size for Sulphates Of Barium Or Aluminium in Malaysia

The Malaysian barium or aluminium sulphates market fell slightly to $X in 2022, shrinking by -3.2% against the previous year. In general, consumption recorded a drastic downturn. 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.

Production of Sulphates Of Barium Or Aluminium in Malaysia

In value terms, barium or aluminium sulphates production rose markedly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a perceptible contraction. The most prominent rate of growth was recorded in 2015 when the production volume increased by 34%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Exports of Sulphates Of Barium Or Aluminium

Exports from Malaysia

In 2022, overseas shipments of sulphates of barium or aluminium decreased by -11.3% to X tons, falling for the second consecutive year after two years of growth. In general, exports, however, recorded a resilient increase. The growth pace was the most rapid in 2015 with an increase of 192%. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, barium or aluminium sulphates exports surged to $X in 2022. Over the period under review, exports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2015 when exports increased by 160% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Singapore (X tons) was the main destination for barium or aluminium sulphates exports from Malaysia, accounting for a 70% share of total exports. Moreover, barium or aluminium sulphates exports to Singapore exceeded the volume sent to the second major destination, Brunei Darussalam (X tons), sixfold. Thailand (X tons) ranked third in terms of total exports with an 8.9% share.

From 2012 to 2022, the average annual growth rate of volume to Singapore totaled +6.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brunei Darussalam (+32.3% per year) and Thailand (+47.6% per year).

In value terms, Singapore ($X) remains the key foreign market for sulphates of barium or aluminium exports from Malaysia, comprising 62% of total exports. The second position in the ranking was held by Brunei Darussalam ($X), with a 10% share of total exports. It was followed by Thailand, with a 7.8% share.

From 2012 to 2022, the average annual growth rate of value to Singapore stood at +3.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brunei Darussalam (+24.0% per year) and Thailand (+31.5% per year).

Export Prices by Country

In 2022, the average barium or aluminium sulphates export price amounted to $X per ton, picking up by 55% against the previous year. Overall, the export price, however, showed a pronounced contraction. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Singapore ($X per ton) and Brunei Darussalam ($X per ton), while the average price for exports to the Philippines ($X per ton) and Thailand ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (-2.3%), while the prices for the other major destinations experienced a decline.

Imports of Sulphates Of Barium Or Aluminium

Imports into Malaysia

In 2022, after three years of growth, there was significant decline in purchases abroad of sulphates of barium or aluminium, when their volume decreased by -34.2% to X tons. In general, imports recorded a drastic downturn. The pace of growth was the most pronounced in 2021 when imports increased by 29% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, barium or aluminium sulphates imports rose markedly to $X in 2022. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 27% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

China (X tons), Indonesia (X tons) and Italy (X tons) were the main suppliers of barium or aluminium sulphates imports to Malaysia, with a combined 93% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +18.0%), while imports for the other leaders experienced mixed trend patterns.

In value terms, China ($X) constituted the largest supplier of sulphates of barium or aluminium to Malaysia, comprising 56% of total imports. The second position in the ranking was held by Indonesia ($X), with a 16% share of total imports. It was followed by Germany, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (-3.0% per year) and Germany (+8.2% per year).

Import Prices by Country

The average barium or aluminium sulphates import price stood at $X per ton in 2022, with an increase of 62% against the previous year. In general, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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