Malaysia - Acetic Acid - Market Analysis, Forecast, Size, Trends And Insights
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View PricingAcetic Acid Price in Malaysia - 2021
Contents:
- Acetic Acid Price in Malaysia (FOB) - 2021
- Acetic Acid Price in Malaysia (CIF) - 2021
- Acetic Acid Exports in Malaysia
- Acetic Acid Imports in Malaysia
Acetic Acid Price in Malaysia (FOB) - 2021
The average acetic acid export price stood at $1,007 per ton in December 2021, shrinking by -13.7% against the previous month. Overall, export price indicated a strong expansion from December 2020 to December 2021: its price increased at an average monthly rate of +7.6% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2021 figures, acetic acid export price increased by +15.0% against September 2021 indices. The pace of growth was the most pronounced in January 2021 when the average export price increased by 40% m-o-m. Over the period under review, the average export prices reached the maximum at $1,167 per ton in November 2021, and then contracted in the following month.
Average prices varied somewhat for the major overseas markets. In December 2021, the highest price was recorded for prices to India ($1,063 per ton) and Thailand ($1,003 per ton), while the average price for exports to Indonesia ($841 per ton) and Singapore ($869 per ton) were amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+11.1%), while the prices for the other major destinations experienced more modest paces of growth.
Acetic Acid Price in Malaysia (CIF) - 2021
The average acetic acid import price stood at $2,893 per ton in December 2021, dropping by -28.8% against the previous month. Over the period under review, the import price, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in October 2021 an increase of 137% m-o-m. The import price peaked at $6,128 per ton in July 2021; however, from August 2021 to December 2021, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2021, the country with the highest price was Singapore ($10,755 per ton), while the price for China ($1,336 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 Taiwan (Chinese) (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Acetic Acid Exports in Malaysia
After three years of growth, shipments abroad of acetic acid decreased by -1.6% to 411K tons in 2022. The total export volume increased at an average annual rate of +2.1% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 4.7%.
In value terms, acetic acid exports fell markedly to $253M in 2022. In general, exports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2021 when exports increased by 176% against the previous year. As a result, the exports reached the peak of $371M, and then shrank rapidly in the following year.
Export of Acetic Acid in Malaysia (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | 93.2 | 80.3 | 236 | 152 | 17.7% |
Thailand | 19.8 | 11.8 | 45.0 | 34.2 | 20.0% |
Indonesia | 14.4 | 8.9 | 29.5 | 22.4 | 15.9% |
Pakistan | 4.7 | 2.6 | 25.5 | 19.4 | 60.4% |
South Korea | 2.3 | 6.3 | 12.8 | 9.7 | 61.6% |
Japan | 1.8 | 2.3 | 5.6 | 4.3 | 33.7% |
Singapore | 14.8 | 8.2 | 4.5 | 2.1 | -47.8% |
Belgium | 4.0 | 4.8 | 3.5 | 1.0 | -37.0% |
Others | 9.1 | 9.4 | 8.8 | 7.6 | -5.8% |
Total | 164 | 135 | 371 | 253 | 15.5% |
Top Export Markets for Acetic Acid from Malaysia in 2022:
- India (263.8K tons)
- Thailand (47.5K tons)
- Indonesia (31.0K tons)
- Pakistan (25.7K tons)
- South Korea (17.6K tons)
- Japan (8.3K tons)
- Singapore (2.9K tons)
- Belgium (1.2K tons)
Acetic Acid Imports in Malaysia
In 2022, approx. 5K tons of acetic acid were imported into Malaysia; with a decrease of -5.6% on 2021. Overall, imports faced a abrupt decline. The pace of growth appeared the most rapid in 2021 with an increase of 12%.
In value terms, acetic acid imports dropped dramatically to $4.5M in 2022. In general, imports continue to indicate a drastic downturn. The growth pace was the most rapid in 2021 with an increase of 81% against the previous year. As a result, imports reached the peak of $5.8M, and then contracted markedly in the following year.
Import of Acetic Acid in Malaysia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Singapore | 1,536 | 915 | 3,758 | 2,331 | 14.9% |
China | 2,808 | 953 | 986 | 1,405 | -20.6% |
South Korea | 288 | 261 | 414 | 323 | 3.9% |
Taiwan (Chinese) | 200 | 165 | 186 | 163 | -6.6% |
India | 330 | 203 | 38.8 | 104 | -31.9% |
Turkey | N/A | 373 | N/A | N/A | 0% |
Others | 324 | 324 | 397 | 162 | -20.6% |
Total | 5,485 | 3,195 | 5,780 | 4,487 | -6.5% |
Top Suppliers of Acetic Acid to Malaysia in 2022:
- Singapore (2784.8 tons)
- China (1729.1 tons)
- Taiwan (Chinese) (196.7 tons)
- South Korea (169.5 tons)
- India (67.4 tons)
This report provides an in-depth analysis of the acetic acid market in Malaysia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20143271 - Acetic acid
Country coverage:
- Malaysia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Malaysia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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