Malaysia: Market for Polyethylene Glycols and Polyethers in Primary Forms 2024

Market Size for Polyethylene Glycols and Polyethers in Primary Forms in Malaysia

The Malaysian polyethylene glycol and polyether market amounted to less than $X in 2023, approximately mirroring the previous year. Overall, consumption recorded a prominent increase. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2023, consumption remained at a lower figure.

Production of Polyethylene Glycols and Polyethers in Primary Forms in Malaysia

In value terms, polyethylene glycol and polyether production stood at less than $X in 2023 estimated in export price. In general, production continues to indicate a relatively flat trend pattern.

Exports of Polyethylene Glycols and Polyethers in Primary Forms

Exports from Malaysia

In 2021, the amount of polyethylene glycols and polyethers in primary forms exported from Malaysia skyrocketed to X tons, jumping by X% compared with the previous year. Overall, exports enjoyed a notable increase. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, polyethylene glycol and polyether exports soared to $X in 2021. In general, exports saw a tangible increase. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for polyethylene glycol and polyether exports from Malaysia, with a X% share of total exports. Moreover, polyethylene glycol and polyether exports to China exceeded the volume sent to the second major destination, India (X tons), sixfold. The third position in this ranking was taken by Japan (X tons), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and Japan (X% per year).

In value terms, China ($X) remains the key foreign market for polyethylene glycols and polyethers in primary forms exports from Malaysia, comprising X% of total exports. The second position in the ranking was taken by Belgium ($X), with an X% share of total exports. It was followed by Japan, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (X% per year) and Japan (X% per year).

Export Prices by Country

The average polyethylene glycol and polyether export price stood at $X per ton in 2021, growing by X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices failed to regain momentum.

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

Imports of Polyethylene Glycols and Polyethers in Primary Forms

Imports into Malaysia

Polyethylene glycol and polyether imports into Malaysia was estimated at X tons in 2021, picking up by X% on the previous year's figure. In general, imports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, polyethylene glycol and polyether imports surged to $X in 2021. Over the period under review, imports enjoyed strong growth. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X tons), Singapore (X tons) and Thailand (X tons) were the main suppliers of polyethylene glycol and polyether imports to Malaysia, together comprising X% of total imports. South Korea, Saudi Arabia, Taiwan (Chinese), Japan, the United States and Hong Kong SAR lagged somewhat behind, together accounting for a further X%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Saudi Arabia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Singapore ($X) and Thailand ($X) appeared to be the largest polyethylene glycol and polyether suppliers to Malaysia, together accounting for X% of total imports. Taiwan (Chinese), South Korea, Japan, Saudi Arabia, the United States and Hong Kong SAR lagged somewhat behind, together comprising a further X%.

Saudi Arabia, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average polyethylene glycol and polyether import price stood at $X per ton in 2021, surging by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform