Malaysia: Unsaturated Acyclic Hydrocarbons Market 2024

Unsaturated Acyclic Hydrocarbons Market Size in Malaysia

The Malaysian unsaturated acyclic hydrocarbons market reached $X in 2021, increasing by 3.6% against the previous year. In general, consumption, however, saw a slight downturn. Unsaturated acyclic hydrocarbons consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Unsaturated Acyclic Hydrocarbons Production in Malaysia

In value terms, unsaturated acyclic hydrocarbons production reduced to $X in 2021 estimated in export price. In general, the total production indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +16.0% against 2016 indices. The pace of growth appeared the most rapid in 2020 with an increase of 41%. As a result, production attained the peak level of $X, and then declined in the following year.

Unsaturated Acyclic Hydrocarbons Exports

Exports from Malaysia

In 2021, shipments abroad of unsaturated acyclic hydrocarbons increased by 6.1% to X tons, rising for the fourth year in a row after two years of decline. Over the period under review, exports saw a significant increase. The growth pace was the most rapid in 2018 with an increase of 3,659%. The exports peaked in 2021 and are likely to continue growth in years to come.

In value terms, unsaturated acyclic hydrocarbons exports expanded to $X in 2021. In general, exports recorded a significant increase. The pace of growth appeared the most rapid in 2018 when exports increased by 3,235% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Japan (X tons) was the main destination for unsaturated acyclic hydrocarbons exports from Malaysia, with a 89% share of total exports. Moreover, unsaturated acyclic hydrocarbons exports to Japan exceeded the volume sent to the second major destination, Singapore (X tons), more than tenfold. The third position in this ranking was held by the Netherlands (X tons), with a 1.3% share.

From 2012 to 2021, the average annual growth rate of volume to Japan totaled +69.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+98.5% per year) and the Netherlands (-44.5% per year).

In value terms, Japan ($X) remains the key foreign market for unsaturated acyclic hydrocarbons exports from Malaysia, comprising 91% of total exports. The second position in the ranking was held by Singapore ($X), with a 6.7% share of total exports. It was followed by the Netherlands, with a 0.7% share.

From 2012 to 2021, the average annual growth rate of value to Japan amounted to +97.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+112.9% per year) and the Netherlands (-43.4% per year).

Export Prices by Country

The average unsaturated acyclic hydrocarbons export price stood at $X per ton in 2021, reducing by -3.5% against the previous year. Overall, the export price, however, showed prominent growth. The pace of growth appeared the most rapid in 2017 when the average export price increased by 112%. The export price peaked at $X per ton in 2020, and then contracted slightly in the following year.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to China ($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 Japan (+16.4%), while the prices for the other major destinations experienced more modest paces of growth.

Unsaturated Acyclic Hydrocarbons Imports

Imports into Malaysia

In 2021, imports of unsaturated acyclic hydrocarbons into Malaysia skyrocketed to X tons, rising by 280% compared with the previous year. Over the period under review, imports, however, showed a abrupt decrease. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, unsaturated acyclic hydrocarbons imports soared to $X in 2021. Overall, imports, however, continue to indicate a deep slump. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Taiwan (Chinese) (X tons) constituted the largest supplier of unsaturated acyclic hydrocarbons to Malaysia, with a 59% share of total imports. Moreover, unsaturated acyclic hydrocarbons imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, Singapore (X tons), twofold. The third position in this ranking was held by South Korea (X tons), with a 9.3% share.

From 2012 to 2021, the average annual growth rate of volume from Taiwan (Chinese) stood at +105.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+6.4% per year) and South Korea (-25.6% per year).

In value terms, the largest unsaturated acyclic hydrocarbons suppliers to Malaysia were Taiwan (Chinese) ($X), Singapore ($X) and China ($X), together comprising 82% of total imports.

Taiwan (Chinese), with a CAGR of +90.3%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average unsaturated acyclic hydrocarbons import price amounted to $X per ton, waning by -3.8% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 19% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+22.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :