Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Malaysia - 2024

Contents:

1. Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Malaysia (CIF) - 2024
2. Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Malaysia (FOB) - 2024
3. Imports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Malaysia
4. Exports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Malaysia

Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Malaysia (CIF) - 2024

In October 2023, the average import price for petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s amounted to $737 per ton, declining by -7.5% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in August 2023 an increase of 6.4% month-to-month. Over the period under review, average import prices reached the peak figure at $810 per ton in February 2023; however, from March 2023 to October 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Taiwan (Chinese) ($935 per ton), while the price for the United Arab Emirates ($558 per ton) was amongst the lowest.

From January 2023 to October 2023, the most notable rate of growth in terms of prices was attained by the Philippines (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Malaysia (FOB) - 2024

The average export price for petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s stood at $817 per ton in October 2023, remaining constant against the previous month. In general, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in August 2023 when the average export price increased by 10% month-to-month. Over the period under review, the average export prices reached the peak figure in October 2023.

Average prices varied somewhat for the major export markets. In October 2023, the countries with the highest prices were Vietnam ($883 per ton) and the Philippines ($883 per ton), while the average price for exports to China ($697 per ton) and Singapore ($716 per ton) were amongst the lowest.

From January 2023 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Malaysia

In 2022, imports of petroleum spirit for motor vehicles **legacy non-wco code**s into Malaysia rose markedly to 15M tons, with an increase of 5.1% against the previous year. The total import volume increased at an average annual rate of +7.6% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 9.4% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, imports of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s soared to $14.5B in 2022. Overall, imports posted a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 72% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

Top Suppliers of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** to Malaysia in 2022:

1. Singapore (6.9M tons)
2. South Korea (2.1M tons)
3. China (1.4M tons)
4. Saudi Arabia (0.9M tons)
5. United Arab Emirates (0.7M tons)
6. Oman (0.7M tons)
7. Taiwan (Chinese) (0.5M tons)
8. Japan (0.5M tons)
9. India (0.4M tons)
10. Brunei Darussalam (0.3M tons)

Exports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Malaysia

In 2022, the amount of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s exported from Malaysia was estimated at 12M tons, increasing by 2.9% on the previous year. Overall, exports showed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 49%. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, exports of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s soared to $10.6B in 2022. Over the period under review, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 113% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

Top Export Markets for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** from Malaysia in 2022:

1. Indonesia (4189.3K tons)
2. Singapore (2512.8K tons)
3. Australia (632.1K tons)
4. Philippines (572.6K tons)
5. Taiwan (Chinese) (371.0K tons)
6. Vietnam (342.8K tons)
7. China (303.3K tons)
8. Myanmar (293.8K tons)
9. Iraq (286.5K tons)
10. Bangladesh (264.3K tons)
11. Japan (252.4K tons)
12. France (225.4K tons)
13. South Korea (193.9K tons)

Source: IndexBox Market Intelligence Platform