Malaysia: Thiosulphates Market 2024

Thiosulphates Market Size in Malaysia

For the fifth year in a row, the Malaysian thiosulphates market recorded growth in sales value, which increased by 19% to $X in 2021. In general, the total consumption indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +77.2% against 2016 indices. Over the period under review, the market hit record highs in 2021 and is likely to continue growth in the immediate term.

Thiosulphates Exports

Exports from Malaysia

In 2021, approx. X tons of thiosulphates were exported from Malaysia; with a decrease of -69.3% on the year before. Overall, exports, however, recorded a resilient increase. The pace of growth was the most pronounced in 2013 with an increase of 2,178%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, thiosulphates exports fell markedly to $X in 2021. In general, exports, however, posted a remarkable increase. The growth pace was the most rapid in 2013 with an increase of 646% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Singapore (X tons), Sri Lanka (X tons) and Thailand (X kg) were the main destinations of thiosulphates exports from Malaysia, with a combined 100% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Singapore (with a CAGR of +13.2%), while the other leaders experienced a decline.

In value terms, Sri Lanka ($X), Singapore ($X) and Thailand ($X) constituted the largest markets for thiosulphates exported from Malaysia worldwide, with a combined 95% share of total exports.

Singapore, with a CAGR of +15.6%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average thiosulphates export price amounted to $X per ton, rising by 69% against the previous year. Overall, the export price, however, continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2014 when the average export price increased by 100% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, 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 2021, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+20.1%), while the prices for the other major destinations experienced mixed trend patterns.

Thiosulphates Imports

Imports into Malaysia

For the fifth consecutive year, Malaysia recorded growth in overseas purchases of thiosulphates, which increased by 8.4% to X tons in 2021. The total import volume increased at an average annual rate of +4.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 33%. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, thiosulphates imports skyrocketed to $X in 2021. Over the period under review, total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +7.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +75.1% against 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of thiosulphates to Malaysia, with a 85% share of total imports. Moreover, thiosulphates imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), sevenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+83.1% per year) and Germany (+18.3% per year).

In value terms, China ($X) constituted the largest supplier of thiosulphates to Malaysia, comprising 82% of total imports. The second position in the ranking was taken by India ($X), with an 11% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+79.7% per year) and Germany (+10.4% per year).

Import Prices by Country

In 2021, the average thiosulphates import price amounted to $X per ton, jumping by 29% against the previous year. Over the last nine years, it increased at an average annual rate of +2.6%. As a result, import price attained 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 ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+2.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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