Ester Gums Price in Malaysia - 2021

Contents:

1. Ester Gums Price in Malaysia (CIF) - 2021
2. Ester Gums Price in Malaysia (FOB) - 2022
3. Ester Gums Imports in Malaysia
4. Ester Gums Exports in Malaysia

Ester Gums Price in Malaysia (CIF) - 2021

In December 2021, the average ester gums import price amounted to $1,834 per ton, growing by 5.4% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in September 2021 an increase of 18% m-o-m. Over the period under review, average import prices hit record highs at $2,038 per ton in April 2021; however, from May 2021 to December 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In December 2021, the country with the highest price was the United States ($2,098 per ton), while the price for China ($1,542 per ton) was amongst the lowest.

From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Ester Gums Price in Malaysia (FOB) - 2022

The average ester gums export price stood at $1,930 per ton in 2022, remaining constant against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 46%. The export price peaked at $2,966 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($3,065 per ton), while the average price for exports to Indonesia ($925 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 Portugal (+7.7%), while the prices for the other major destinations experienced a decline.

Ester Gums Imports in Malaysia

In 2022, ester gums imports into Malaysia dropped significantly to 3.7K tons, with a decrease of -20.3% on 2021. Overall, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +8.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +33.9% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 68% against the previous year. As a result, imports attained the peak of 4.7K tons, and then fell remarkably in the following year.

In value terms, ester gums imports declined notably to $6.4M in 2022. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +7.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +37.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 75%. As a result, imports reached the peak of $8.2M, and then shrank rapidly in the following year.

Top Suppliers of Ester Gums to Malaysia in 2022:

1. United States (1509.3 tons)
2. China (834.2 tons)
3. New Zealand (576.9 tons)
4. Portugal (229.7 tons)
5. Belgium (154.3 tons)
6. Indonesia (68.2 tons)
7. Sweden (56.4 tons)

Ester Gums Exports in Malaysia

In 2022, exports of ester gumses from Malaysia rose sharply to 14 tons, growing by 9.8% on the previous year. In general, exports, however, recorded a noticeable decline.

In value terms, ester gums exports rose sharply to $27K in 2022. The total export value increased at an average annual rate of +11.2% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 52%. As a result, the exports reached the peak of $30K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Top Export Markets for Ester Gums from Malaysia in 2022:

1. China (9.5 tons)
2. Indonesia (3.4 tons)
3. Singapore (0.6 tons)
4. Yemen (0.3 tons)

Source: IndexBox Market Intelligence Platform