Malaysia - Processed Petroleum Oils and Distillates - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Processed Petroleum Oils and Distillates in Malaysia - 2021
Contents:
- Price for Processed Petroleum Oils and Distillates in Malaysia (FOB) - 2021
- Price for Processed Petroleum Oils and Distillates in Malaysia (CIF) - 2021
- Exports of Processed Petroleum Oils and Distillates in Malaysia
- Imports of Processed Petroleum Oils and Distillates in Malaysia
Price for Processed Petroleum Oils and Distillates in Malaysia (FOB) - 2021
In December 2021, the average export price for processed petroleum oils and distillates amounted to $684 per ton, with an increase of 4.6% against the previous month. Over the period under review, export price indicated buoyant growth from December 2020 to December 2021: its price increased at an average monthly rate of +5.1% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2021 figures, processed petroleum oils and distillates export price increased by +81.4% against December 2020 indices. The most prominent rate of growth was recorded in March 2021 an increase of 22% m-o-m. The export price peaked in December 2021.
Prices varied noticeably by the country of destination: the country with the highest price was Brunei Darussalam ($823 per ton), while the average price for exports to China ($477 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 Brunei Darussalam (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Processed Petroleum Oils and Distillates in Malaysia (CIF) - 2021
In December 2021, the average import price for processed petroleum oils and distillates amounted to $710 per ton, approximately mirroring the previous month. In general, import price indicated a strong expansion from December 2020 to December 2021: its price increased at an average monthly rate of +5.5% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2021 figures, processed petroleum oils and distillates import price increased by +28.9% against July 2021 indices. The growth pace was the most rapid in March 2021 an increase of 39% m-o-m. Over the period under review, average import prices attained the peak figure at $719 per ton in November 2021, and then fell slightly in the following month.
There were significant differences in the average prices amongst the major supplying countries. In December 2021, the country with the highest price was Saudi Arabia ($827 per ton), while the price for Indonesia ($427 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) (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Processed Petroleum Oils and Distillates in Malaysia
After three years of growth, shipments abroad of processed petroleum oils and distillates decreased by -4.3% to 36M tons in 2022. The total export volume increased at an average annual rate of +8.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when exports increased by 23%.
In value terms, processed petroleum oils and distillates exports shrank notably to $16.8B in 2022. In general, total exports indicated notable growth from 2019 to 2022: its value increased at an average annual rate of +4.0% 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 +31.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 62%. As a result, the exports reached the peak of $20.8B, and then dropped notably in the following year.
| Export of Processed Petroleum Oils and Distillates in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 3,985 | 4,200 | 4,657 | 3,729 | -2.2% |
| Indonesia | 1,121 | 1,148 | 3,138 | 2,801 | 35.7% |
| Australia | 1,088 | 914 | 2,103 | 1,735 | 16.8% |
| Bangladesh | 1,245 | 359 | 1,261 | 1,312 | 1.8% |
| Vietnam | 1,444 | 856 | 1,252 | 646 | -23.5% |
| France | N/A | N/A | 136 | 509 | 274.3% |
| South Korea | 172 | 294 | 517 | 450 | 37.8% |
| South Africa | 161 | 64.3 | 165 | 418 | 37.4% |
| Taiwan (Chinese) | 195 | 246 | 433 | 389 | 25.9% |
| China | 1,203 | 1,491 | 1,497 | 384 | -31.7% |
| Myanmar | 416 | 436 | 477 | 350 | -5.6% |
| Hong Kong SAR | 312 | 291 | 342 | 303 | -1.0% |
| United States | 29.9 | 92.5 | 59.1 | 291 | 113.5% |
| Others | 3,542 | 2,391 | 4,721 | 3,451 | -0.9% |
| Total | 14,914 | 12,782 | 20,758 | 16,770 | 4.0% |
Top Export Markets for Processed Petroleum Oils and Distillates from Malaysia in 2022:
- Singapore (9.1M tons)
- Indonesia (5.5M tons)
- Australia (3.3M tons)
- Bangladesh (2.6M tons)
- Vietnam (1.4M tons)
- China (1.3M tons)
- South Korea (1.3M tons)
- France (1.2M tons)
- Hong Kong SAR (1.1M tons)
- Taiwan (Chinese) (0.9M tons)
- United States (0.9M tons)
- South Africa (0.8M tons)
- Myanmar (0.8M tons)
Imports of Processed Petroleum Oils and Distillates in Malaysia
In 2022, the amount of processed petroleum oils and distillates imported into Malaysia contracted remarkably to 40M tons, reducing by -16.6% against 2021. In general, total imports indicated a measured expansion from 2019 to 2022: its volume increased at an average annual rate of +4.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +24.9% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 50%. As a result, imports reached the peak of 48M tons, and then contracted notably in the following year.
In value terms, processed petroleum oils and distillates imports declined remarkably to $15.5B in 2022. Overall, imports recorded a drastic downturn. The pace of growth appeared the most rapid in 2021 with an increase of 50% against the previous year. As a result, imports attained the peak of $18.6B, and then fell rapidly in the following year.
| Import of Processed Petroleum Oils and Distillates in Malaysia (Billion USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 10.8 | 5.5 | 8.0 | 8.1 | -9.1% |
| South Korea | 1.7 | 1.1 | 2.0 | 2.1 | 7.3% |
| Taiwan (Chinese) | 0.7 | 0.5 | 1.6 | 1.1 | 16.3% |
| India | 1.3 | 1.3 | 2.0 | 1.0 | -8.4% |
| China | 1.2 | 1.3 | 1.2 | 1.0 | -5.9% |
| Indonesia | 0.1 | 0.2 | 0.4 | 0.6 | 81.7% |
| Thailand | 1.0 | 0.6 | 1.0 | 0.6 | -15.7% |
| Russia | 0.4 | 0.5 | 0.6 | N/A | 22.5% |
| Others | 1.4 | 1.5 | 2.0 | 1.0 | -10.6% |
| Total | 18.5 | 12.4 | 18.6 | 15.5 | -5.7% |
Top Suppliers of Processed Petroleum Oils and Distillates to Malaysia in 2022:
- Singapore (19.7M tons)
- South Korea (5.3M tons)
- Taiwan (Chinese) (4.4M tons)
- India (2.4M tons)
- China (2.4M tons)
- Indonesia (1.7M tons)
- Thailand (1.7M tons)
This report provides an in-depth analysis of the market for processed petroleum oils and distillates 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:
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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