Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Malaysia - 2024
Contents:
- Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Malaysia (FOB) - 2024
- Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Malaysia (CIF) - 2024
- Exports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Malaysia
- Imports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Malaysia
Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Malaysia (FOB) - 2024
The average export price for adhesives; prepared, based on rubber or plastics (including artificial resins) stood at $2,525 per ton in January 2024, approximately mirroring the previous month. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2023 when the average export price increased by 6.6% against the previous month. The export price peaked at $2,813 per ton in February 2023; however, from March 2023 to January 2024, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In January 2024, the country with the highest price was Japan ($4,642 per ton), while the average price for exports to Thailand ($1,937 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Malaysia (CIF) - 2024
In January 2024, the average import price for adhesives; prepared, based on rubber or plastics (including artificial resins) amounted to $3,088 per ton, surging by 2.4% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 19% against the previous month. Over the period under review, average import prices attained the peak figure at $3,742 per ton in May 2023; however, from June 2023 to January 2024, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was the United States ($8,519 per ton), while the price for Vietnam ($1,259 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by the UK (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Malaysia
Exports of adhesives; prepared, based on rubber or plastics (including artificial resins) from Malaysia declined to 59K tons in 2022, dropping by -2% against the previous year's figure. Over the period under review, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +5.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +45.9% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 49% against the previous year. As a result, the exports attained the peak of 61K tons, and then dropped modestly in the following year.
In value terms, exports of adhesives; prepared, based on rubber or plastics (including artificial resins) rose notably to $170M in 2022. Overall, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +10.8% 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 +74.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 57%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 26.3 | 21.2 | 40.9 | 41.7 | 16.6% |
| Indonesia | 31.2 | 23.7 | 34.3 | 33.6 | 2.5% |
| Thailand | 8.6 | 10.3 | 12.6 | 14.5 | 19.0% |
| Vietnam | 11.3 | 8.2 | 10.8 | 11.8 | 1.5% |
| India | 4.4 | 2.7 | 5.3 | 8.2 | 23.1% |
| Japan | 8.6 | 8.3 | 5.6 | 7.5 | -4.5% |
| Singapore | 6.0 | 4.3 | 6.3 | 7.1 | 5.8% |
| United Arab Emirates | 1.6 | 2.0 | 2.0 | 5.5 | 50.9% |
| Mexico | 1.2 | 0.4 | 2.6 | 5.3 | 64.1% |
| Russia | 1.6 | 1.0 | 4.0 | 3.8 | 33.4% |
| Philippines | 2.6 | 1.5 | 2.5 | 3.3 | 8.3% |
| Bangladesh | 0.6 | 0.7 | 2.6 | 3.1 | 72.9% |
| Pakistan | 2.4 | 1.3 | 2.6 | 2.1 | -4.4% |
| Others | 18.5 | 12.0 | 21.2 | 22.7 | 7.1% |
| Total | 125 | 97.4 | 153 | 170 | 10.8% |
Top Export Markets for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) from Malaysia in 2022:
- Indonesia (13.0K tons)
- China (12.7K tons)
- Thailand (6.6K tons)
- Vietnam (5.3K tons)
- Singapore (2.9K tons)
- India (2.6K tons)
- United Arab Emirates (2.0K tons)
- Mexico (1.4K tons)
- Bangladesh (1.3K tons)
- Japan (1.3K tons)
- Russia (1.3K tons)
- Philippines (1.1K tons)
- Pakistan (0.8K tons)
Imports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Malaysia
In 2022, the amount of adhesives; prepared, based on rubber or plastics (including artificial resins) imported into Malaysia expanded to 22K tons, increasing by 2.9% on 2021 figures. The total import volume increased at an average annual rate of +1.6% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of adhesives; prepared, based on rubber or plastics (including artificial resins) fell to $95M in 2022. The total import value increased at an average annual rate of +5.5% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 28%. As a result, imports reached the peak of $95M, leveling off in the following year.
| Import of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 27.1 | 30.2 | 40.0 | 42.9 | 16.5% |
| United States | 13.3 | 8.4 | 8.9 | 11.1 | -5.8% |
| South Korea | 6.3 | 8.1 | 15.0 | 10.5 | 18.6% |
| Japan | 7.9 | 4.7 | 5.3 | 5.1 | -13.6% |
| Vietnam | 5.2 | 3.6 | 4.5 | 4.3 | -6.1% |
| United Kingdom | 3.6 | 0.8 | 1.2 | 3.3 | -2.9% |
| Taiwan (Chinese) | 3.1 | 2.2 | 3.3 | 3.1 | 0.0% |
| Singapore | 2.9 | 2.2 | 2.6 | 3.1 | 2.2% |
| Indonesia | 3.4 | 3.8 | 3.4 | 3.0 | -4.1% |
| Germany | 2.8 | 5.8 | 4.0 | 3.0 | 2.3% |
| Thailand | 2.0 | 1.4 | 3.6 | 2.6 | 9.1% |
| Others | 3.6 | 3.2 | 3.9 | 3.5 | -0.9% |
| Total | 81.3 | 74.5 | 95.5 | 95.4 | 5.5% |
Top Suppliers of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) to Malaysia in 2022:
- China (12.0K tons)
- Vietnam (2.3K tons)
- United States (1.3K tons)
- Indonesia (1.3K tons)
- South Korea (0.8K tons)
- Japan (0.7K tons)
- Taiwan (Chinese) (0.6K tons)
- Germany (0.6K tons)
- Thailand (0.6K tons)
- United Kingdom (0.4K tons)
- Singapore (0.3K tons)
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Discover the top import markets for prepared glues and other prepared adhesives, including China, Germany, Vietnam, and the United States. Gain insights into market statistics and trends. Explore the significance of prepared adhesives in various industries.
