Malaysia - Benzene - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBenzene Price in Malaysia - 2021
Contents:
- Benzene Price in Malaysia (FOB) - 2021
- Benzene Price in Malaysia (CIF) - 2022
- Benzene Exports in Malaysia
- Benzene Imports in Malaysia
Benzene Price in Malaysia (FOB) - 2021
In December 2021, the average benzene export price amounted to $891 per ton, with a decrease of -4.3% against the previous month. Over the period under review, export price indicated measured growth from December 2020 to December 2021: its price increased at an average monthly rate of +4.7% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2021 figures, benzene export price decreased by -4.1% against September 2021 indices. The most prominent rate of growth was recorded in March 2021 an increase of 19% against the previous month. The export price peaked at $1,000 per ton in August 2021; however, from September 2021 to December 2021, the export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In December 2021, the country with the highest price was Indonesia ($918 per ton), while the average price for exports to China ($884 per ton) was amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.
Benzene Price in Malaysia (CIF) - 2022
In 2022, the average benzene import price amounted to $692 per ton, dropping by -22.2% against the previous year. In general, the import price showed a deep setback. The pace of growth appeared the most rapid in 2021 an increase of 75% against the previous year. Over the period under review, average import prices hit record highs at $1,373 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($770 per ton), while the price for Brunei Darussalam ($421 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-3.4%), while the prices for the other major suppliers experienced a decline.
Benzene Exports in Malaysia
In 2022, overseas shipments of benzene decreased by -3.1% to 279K tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +2.5% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 9.2% against the previous year. As a result, the exports reached the peak of 288K tons, and then dropped modestly in the following year.
In value terms, benzene exports plummeted to $189M in 2022. Over the period under review, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +6.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +45.1% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 90%. As a result, the exports reached the peak of $248M, and then dropped rapidly in the following year.
| Export of Benzene in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 62.6 | 63.5 | 111 | 84.5 | 10.5% |
| China | 65.6 | 48.4 | 78.7 | 60.0 | -2.9% |
| Indonesia | 17.2 | 12.5 | 45.9 | 35.0 | 26.7% |
| Taiwan (Chinese) | 10.4 | 5.9 | 12.5 | 9.5 | -3.0% |
| Others | 1.7 | N/A | N/A | N/A | 0% |
| Total | 158 | 130 | 248 | 189 | 6.2% |
Top Export Markets for Benzene from Malaysia in 2022:
- Singapore (121.8K tons)
- China (92.1K tons)
- Indonesia (50.5K tons)
- Taiwan (Chinese) (14.9K tons)
Benzene Imports in Malaysia
In 2022, after three years of growth, there was decline in supplies from abroad of benzene, when their volume decreased by -2.3% to 118K tons. The total import volume increased at an average annual rate of +4.6% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 9.7% against the previous year. As a result, imports attained the peak of 120K tons, and then reduced slightly in the following year.
In value terms, benzene imports dropped markedly to $81M in 2022. In general, imports, however, enjoyed resilient growth. The growth pace was the most rapid in 2021 with an increase of 92% against the previous year. As a result, imports reached the peak of $107M, and then dropped remarkably in the following year.
| Import of Benzene in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 33.2 | 13.2 | 54.7 | 41.0 | 7.3% |
| Singapore | 23.2 | 2.9 | 35.2 | 26.4 | 4.4% |
| Brunei Darussalam | 1.0 | 37.2 | 5.2 | 10.3 | 117.6% |
| Vietnam | 3.7 | 2.1 | 4.2 | 3.2 | -4.7% |
| India | 1.9 | N/A | 7.2 | N/A | 94.7% |
| Others | 0.5 | 0.3 | 0.6 | 0.5 | 0.0% |
| Total | 63.6 | 55.7 | 107 | 81.4 | 8.6% |
Top Suppliers of Benzene to Malaysia in 2022:
- Thailand (53.4K tons)
- Singapore (34.3K tons)
- Brunei Darussalam (24.5K tons)
- Vietnam (5.0K tons)
This report provides an in-depth analysis of the benzene 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 20141223 - Benzene
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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