Price for Mineral Substances Not Elsewhere Specified or Included in Malaysia - 2023
Contents:
- Price for Mineral Substances Not Elsewhere Specified or Included in Malaysia (CIF) - 2022
- Price for Mineral Substances Not Elsewhere Specified or Included in Malaysia (FOB) - 2022
- Imports of Mineral Substances Not Elsewhere Specified or Included in Malaysia
- Exports of Mineral Substances Not Elsewhere Specified or Included in Malaysia
Price for Mineral Substances Not Elsewhere Specified or Included in Malaysia (CIF) - 2022
In 2022, the average import price for mineral substances not elsewhere specified or includeds amounted to $275 per ton, with an increase of 51% against the previous year. Over the period under review, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +7.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for mineral substances not elsewhere specified or includeds increased by +88.9% against 2016 indices. The growth pace was the most rapid in 2013 when the average import price increased by 64%. Over the period under review, average import prices reached the maximum in 2022 and is likely to see gradual growth in the near future.
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 Germany ($297 per ton), while the price for Indonesia ($117 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Mineral Substances Not Elsewhere Specified or Included in Malaysia (FOB) - 2022
The average export price for mineral substances not elsewhere specified or includeds stood at $1,147 per ton in 2022, increasing by 45% against the previous year. Overall, the export price recorded a noticeable expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($3,058 per ton), while the average price for exports to Indonesia ($257 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 the United Arab Emirates (+23.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Mineral Substances Not Elsewhere Specified or Included in Malaysia
In 2022, approx. 344K tons of mineral substances not elsewhere specified or includeds were imported into Malaysia; increasing by 29% on the previous year's figure. In general, imports recorded a resilient increase. The pace of growth appeared the most rapid in 2021 when imports increased by 53% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in the immediate term.
In value terms, imports of mineral substances not elsewhere specified or includeds surged to $94M in 2022. Overall, imports continue to indicate significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Mineral Substances Not Elsewhere Specified or Included in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 27.6 | 23.2 | 34.0 | 70.5 | 36.7% |
| Germany | 3.4 | 2.3 | 10.1 | 17.9 | 74.0% |
| Indonesia | 0.4 | 0.6 | 1.2 | 2.3 | 79.2% |
| Others | 2.2 | 2.8 | 3.0 | 3.7 | 18.9% |
| Total | 33.5 | 28.9 | 48.3 | 94.4 | 41.2% |
Top Suppliers of Mineral Substances Not Elsewhere Specified or Included to Malaysia in 2022:
- China (252.0K tons)
- Germany (60.2K tons)
- Indonesia (20.0K tons)
Exports of Mineral Substances Not Elsewhere Specified or Included in Malaysia
In 2022, approx. 41K tons of mineral substances not elsewhere specified or includeds were exported from Malaysia; surging by 2.7% compared with the year before. Overall, exports, however, showed a perceptible contraction. The most prominent rate of growth was recorded in 2021 with an increase of 15%.
In value terms, exports of mineral substances not elsewhere specified or includeds soared to $46M in 2022. In general, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Mineral Substances Not Elsewhere Specified or Included in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | N/A | N/A | N/A | 10.8 | 0% |
| Turkey | 0.9 | 1.4 | 1.9 | 5.5 | 82.8% |
| Indonesia | 5.7 | 4.3 | 6.4 | 5.1 | -3.6% |
| Vietnam | 2.7 | 4.3 | 4.0 | 5.0 | 22.8% |
| Brazil | N/A | 0.2 | 0.1 | 3.3 | 306.2% |
| Thailand | 1.5 | 1.9 | 2.5 | 2.5 | 18.6% |
| Saudi Arabia | 0.8 | 0.4 | N/A | 2.3 | 42.2% |
| India | 7.7 | 3.6 | 2.0 | 2.2 | -34.1% |
| Pakistan | 1.7 | 2.8 | 3.6 | 1.7 | 0.0% |
| Others | 3.5 | 4.6 | 10.7 | 8.1 | 32.3% |
| Total | 24.6 | 23.3 | 31.3 | 46.5 | 23.6% |
Top Export Markets for Mineral Substances Not Elsewhere Specified or Included from Malaysia in 2022:
- Indonesia (19.7K tons)
- Vietnam (5.9K tons)
- United Arab Emirates (3.8K tons)
- Thailand (2.2K tons)
- Turkey (2.0K tons)
- Brazil (1.1K tons)
- Saudi Arabia (0.9K tons)
- India (0.8K tons)
- Pakistan (0.6K tons)
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