Malaysia: Vinyl Chloride Market 2024

Vinyl Chloride Market Size in Malaysia

In 2022, after two years of growth, there was significant decline in the Malaysian vinyl chloride market, when its value decreased by X% to $X. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then dropped markedly in the following year.

Vinyl Chloride Production in Malaysia

In value terms, vinyl chloride production amounted to $X in 2022 estimated in export price. Over the period under review, production showed a dramatic setback. The pace of growth was the most pronounced in 2013 when the production volume decreased by X%. Vinyl chloride production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Vinyl Chloride Exports

Exports from Malaysia

After four years of growth, overseas shipments of vinyl chloride (chloroethylene) decreased by X% to X tons in 2022. Overall, exports showed a dramatic contraction. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, vinyl chloride exports reduced modestly to $X in 2022. Over the period under review, exports faced a dramatic contraction. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Indonesia (X tons) was the main destination for vinyl chloride exports from Malaysia, with a X% share of total exports. It was followed by India (X tons), with a X% share of total exports. Vietnam (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Indonesia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and Vietnam (X% per year).

In value terms, Indonesia ($X) remains the key foreign market for vinyl chloride (chloroethylene) exports from Malaysia, comprising X% of total exports. The second position in the ranking was held by Vietnam ($X), with a X% share of total exports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Indonesia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (X% per year) and India (X% per year).

Export Prices by Country

In 2022, the average vinyl chloride export price amounted to $X per ton, surging by X% against the previous year. Overall, the export price, however, saw a mild downturn. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to India ($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 Vietnam (X%), while the prices for the other major destinations experienced mixed trend patterns.

Vinyl Chloride Imports

Imports into Malaysia

In 2022, after two years of growth, there was significant decline in supplies from abroad of vinyl chloride (chloroethylene), when their volume decreased by X% to X tons. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, vinyl chloride imports declined significantly to $X in 2022. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Indonesia (X tons) constituted the largest vinyl chloride supplier to Malaysia, with a X% share of total imports. Moreover, vinyl chloride imports from Indonesia exceeded the figures recorded by the second-largest supplier, South Korea (X tons), fourfold. Japan (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Indonesia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Japan (X% per year).

In value terms, Indonesia ($X) constituted the largest supplier of vinyl chloride (chloroethylene) to Malaysia, comprising X% of total imports. The second position in the ranking was taken by Japan ($X), with a X% share of total imports. It was followed by South Korea, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Indonesia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and South Korea (X% per year).

Import Prices by Country

The average vinyl chloride import price stood at $X per ton in 2022, which is down by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton, and then dropped in the following year.

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 Qatar ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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