Malaysia: Sulphites Market 2024

Sulphites Market Size in Malaysia

The Malaysian sulphites market reduced to $X in 2022, dropping by -10.5% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Sulphites Production in Malaysia

In value terms, sulphites production amounted to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 40% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Sulphites Exports

Exports from Malaysia

In 2022, after two years of growth, there was significant decline in shipments abroad of sulphites, when their volume decreased by -16.1% to X tons. Over the period under review, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2013 when exports increased by 621%. Over the period under review, the exports reached the maximum at X tons in 2021, and then plummeted in the following year.

In value terms, sulphites exports declined to $X in 2022. In general, exports, however, recorded prominent growth. The pace of growth appeared the most rapid in 2013 with an increase of 570%. Over the period under review, the exports attained the peak figure at $X in 2021, and then fell in the following year.

Exports by Country

Singapore (X tons), Thailand (X tons) and Indonesia (X tons) were the main destinations of sulphites exports from Malaysia.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Indonesia (with a CAGR of +36.3%), while the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X) remains the key foreign market for sulphites exports from Malaysia, comprising 61% of total exports. The second position in the ranking was taken by Singapore ($X), with a 29% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Thailand amounted to +18.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+21.3% per year) and Indonesia (+39.5% per year).

Export Prices by Country

The average sulphites export price stood at $X per ton in 2022, with an increase of 4.7% against the previous year. Over the period under review, the export price, however, showed a perceptible descent. The growth pace was the most rapid in 2021 when the average export price increased by 16%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to Singapore ($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 China (+19.8%), while the prices for the other major destinations experienced mixed trend patterns.

Sulphites Imports

Imports into Malaysia

In 2022, overseas purchases of sulphites decreased by -30.8% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports, however, enjoyed a moderate increase. The pace of growth appeared the most rapid in 2017 when imports increased by 139% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, sulphites imports fell remarkably to $X in 2022. Overall, total imports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 103%. Over the period under review, imports reached the maximum at $X in 2021, and then fell rapidly in the following year.

Imports by Country

China (X tons), India (X tons) and Thailand (X tons) were the main suppliers of sulphites imports to Malaysia, with a combined 81% share of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +32.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest sulphites suppliers to Malaysia were China ($X), India ($X) and Thailand ($X), with a combined 74% share of total imports.

Among the main suppliers, India, with a CAGR of +32.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average sulphites import price stood at $X per ton in 2022, with an increase of 11% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 14% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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 Japan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cambodia (+34.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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