Report Update: Apr 1, 2024

Malaysia - Chromates, Dichromates And Peroxochromates - Market Analysis, Forecast, Size, Trends And Insights

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Chromates Price in Malaysia - 2021

Chromates Price in Malaysia (CIF) - 2022

In 2022, the average chromates import price amounted to $2,422 per ton, growing by 10% against the previous year. Overall, the import price, however, showed a pronounced contraction. The pace of growth appeared the most rapid in 2017 when the average import price increased by 15% against the previous year. Over the period under review, average import prices hit record highs at $3,318 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 ($15,856 per ton), while the price for Russia ($1,233 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Chromates Price in Malaysia (FOB) - 2022

The average chromates export price stood at $1,781 per ton in 2022, which is down by -18.5% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 176%. Over the period under review, the average export prices hit record highs at $2,860 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($23,528 per ton), while the average price for exports to Singapore amounted to $1,297 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+3.5%).

Chromates Imports in Malaysia

In 2022, approx. 285 tons of chromates, dichromates and peroxochromates were imported into Malaysia; shrinking by -7.2% against the previous year. Overall, imports continue to indicate a deep reduction. The pace of growth was the most pronounced in 2021 when imports increased by 185%.

In value terms, chromates imports reached $690K in 2022. Over the period under review, imports showed a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 166%.

Import of Chromates in Malaysia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	292	9.3	279	240	-6.3%
Russia	55.8	60.1	131	113	26.5%
Turkey	110	42.4	92.1	80.0	-10.1%
Austria	62.3	50.9	71.1	68.2	3.1%
Taiwan (Chinese)	101	31.0	28.5	52.3	-19.7%
China	151	10.0	23.9	49.4	-31.1%
France	84.5	18.1	7.0	33.9	-26.2%
South Korea	60.4	16.0	10.1	27.7	-22.9%
India	18.7	4.5	19.9	17.1	-2.9%
Others	77.0	10.6	10.9	8.2	-52.6%
Total	1,013	253	673	690	-12.0%

Top Suppliers of Chromates to Malaysia in 2022:

Russia (91.3 tons)
United States (79.1 tons)
Turkey (52.0 tons)
Austria (19.6 tons)
Taiwan (Chinese) (11.0 tons)
France (8.6 tons)
China (8.2 tons)
India (7.2 tons)
South Korea (7.2 tons)

Chromates Exports in Malaysia

In 2022, after three years of growth, there was decline in overseas shipments of chromates, dichromates and peroxochromates, when their volume decreased by -1.7% to 46 tons. Overall, exports, however, saw a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 104% against the previous year. As a result, the exports attained the peak of 47 tons, and then dropped modestly in the following year.

In value terms, chromates exports fell notably to $82K in 2022. Over the period under review, exports, however, saw a resilient increase. The growth pace was the most rapid in 2021 when exports increased by 102%. As a result, the exports attained the peak of $102K, and then declined dramatically in the following year.

Export of Chromates in Malaysia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Singapore	40.0	33.2	58.4	58.5	13.5%
Indonesia	17.9	17.5	23.6	23.6	9.7%
Cambodia	N/A	N/A	20.4	N/A	0%
Others	N/A	N/A	N/A	N/A	0%
Total	57.9	50.7	102	82.1	12.3%

Top Export Markets for Chromates from Malaysia in 2022:

Singapore (45.1 tons)
Indonesia (1.0 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the chromates 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 20135125 - Chromates and dichromates, peroxochromates

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023