Report Update Nov 1, 2024

Malaysia - Sulphuric Acid and Oleum - Market Analysis, Forecast, Size, Trends and Insights

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Malaysia: Sulphuric Acid Market 2024

Sulphuric Acid Market Size in Malaysia

The Malaysian sulphuric acid market expanded modestly to $X in 2022, growing by 4.1% against the previous year. Overall, consumption, however, recorded a noticeable slump. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Sulphuric Acid Production in Malaysia

In value terms, sulphuric acid production soared to $X in 2022 estimated in export price. In general, production, however, continues to indicate a deep reduction. The growth pace was the most rapid in 2020 with an increase of 127%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Sulphuric Acid Exports

Exports from Malaysia

In 2022, shipments abroad of sulphuric acid and oleum increased by 43% to X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 48%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, sulphuric acid exports totaled $X in 2022. Overall, total exports indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -11.6% against 2019 indices. The most prominent rate of growth was recorded in 2018 with an increase of 40% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Myanmar (X tons) was the main destination for sulphuric acid exports from Malaysia, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Myanmar amounted to +30.8%.

In value terms, Myanmar ($X) emerged as the key foreign market for sulphuric acid and oleum exports from Malaysia.

From 2012 to 2022, the average annual growth rate of value to Myanmar amounted to +41.1%.

Export Prices by Country

The average sulphuric acid export price stood at $X per ton in 2022, shrinking by -24.6% against the previous year. In general, the export price, however, saw noticeable growth. The most prominent rate of growth was recorded in 2021 an increase of 61% against the previous year. As a result, the export price reached the peak level of $X per ton, and then fell notably in the following year.

As there is only one major export destination, the average price level is determined by prices for Myanmar.

From 2012 to 2022, the rate of growth in terms of prices for Myanmar amounted to +7.9% per year.

Sulphuric Acid Imports

Imports into Malaysia

In 2022, imports of sulphuric acid and oleum into Malaysia contracted rapidly to X tons, which is down by -15.1% against the previous year. Over the period under review, imports, however, posted prominent growth. The most prominent rate of growth was recorded in 2017 when imports increased by 197% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, sulphuric acid imports declined sharply to $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 126% against the previous year. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Myanmar (X tons) was the main supplier of sulphuric acid to Malaysia, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Myanmar was relatively modest.

In value terms, Myanmar ($X) constituted the largest supplier of sulphuric acid and oleum to Malaysia.

From 2012 to 2022, the average annual rate of growth in terms of value from Myanmar was relatively modest.

Import Prices by Country

The average sulphuric acid import price stood at $X per ton in 2022, shrinking by -15% against the previous year. Over the period under review, the import price saw a deep slump. The growth pace was the most rapid in 2019 when the average import price increased by 52%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Myanmar.

From 2012 to 2022, the rate of growth in terms of prices for Singapore amounted to +6.1% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sulphuric acid and oleum in the world?

China constituted the country with the largest volume of sulphuric acid consumption, comprising approx. 25% of total volume. Moreover, sulphuric acid consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was occupied by Russia, with a 9.3% share.

What are the largest producers of sulphuric acid and oleum in the world?

China constituted the country with the largest volume of sulphuric acid production, comprising approx. 27% of total volume. Moreover, sulphuric acid production in China exceeded the figures recorded by the second-largest producer, Russia, threefold. The third position in this ranking was occupied by the United States, with a 9.9% share.

What are the leading suppliers of sulphuric acid and oleum to Malaysia?

In value terms, South Korea constituted the largest supplier of sulphuric acid to Malaysia, comprising 51% of total imports. The second position in the ranking was occupied by Japan, with a 22% share of total imports. It was followed by the Philippines, with a 10% share.

What are the leading importers of sulphuric acid and oleum from Malaysia?

In value terms, Singapore emerged as the key foreign market for sulphuric acid exports from Malaysia, comprising 76% of total exports. The second position in the ranking was occupied by Myanmar, with an 8.1% share of total exports. It was followed by Brunei Darussalam, with a 5.3% share.

What is the average export price for sulphuric acid and oleum in Malaysia?

The average sulphuric acid export price stood at $167 per ton in 2021, picking up by 1.6% against the previous year.

What is the average import price for sulphuric acid and oleum in Malaysia?

The average sulphuric acid import price stood at $116 per ton in 2021, with an increase of 34% against the previous year.

This report provides an in-depth analysis of the sulphuric acid market in Malaysia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20132434 - Sulphuric acid, oleum

Country coverage:

Malaysia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Malaysia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023