Malaysia - Propene (Propylene) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPropene Price in Malaysia - 2021
Contents:
- Propene Price in Malaysia (CIF) - 2021
- Propene Price in Malaysia (FOB) - 2022
- Propene Imports in Malaysia
- Propene Exports in Malaysia
Propene Price in Malaysia (CIF) - 2021
The average propene import price stood at $9,129 per ton in December 2021, with a decrease of -72.1% against the previous month. Overall, the import price, however, posted a significant expansion. The growth pace was the most rapid in July 2021 when the average import price increased by 2,309% m-o-m. Over the period under review, average import prices reached the peak figure at $32,764 per ton in November 2021, and then fell notably 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 the United States ($36,245 per ton), while the price for China stood at $7,873 per ton.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by Singapore (+16.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Propene Price in Malaysia (FOB) - 2022
In 2022, the average propene export price amounted to $902 per ton, dropping by -11.9% against the previous year. Over the period under review, the export price continues to indicate a noticeable contraction. The growth pace was the most rapid in 2021 an increase of 20% against the previous year. The export price peaked at $1,481 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Egypt ($1,235 per ton), while the average price for exports to Taiwan (Chinese) ($666 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (-1.7%), while the prices for the other major destinations experienced a decline.
Propene Imports in Malaysia
In 2022, supplies from abroad of propene (propylene) decreased by -53.4% to 24K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports continue to indicate a deep contraction. The pace of growth was the most pronounced in 2021 when imports increased by 31%. As a result, imports reached the peak of 51K tons, and then reduced notably in the following year.
In value terms, propene imports shrank markedly to $31M in 2022. In general, imports recorded a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 70%. As a result, imports reached the peak of $60M, and then declined sharply in the following year.
| Import of Propene in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 7.2 | 8.3 | 9.7 | 16.6 | 32.1% |
| South Korea | N/A | N/A | N/A | 10.8 | 0% |
| Oman | N/A | N/A | N/A | 2.5 | 0% |
| Singapore | 1.7 | 5.7 | 11.6 | 0.1 | -61.1% |
| Spain | 3.4 | N/A | N/A | N/A | 0% |
| Japan | 2.5 | 2.9 | 3.4 | N/A | 16.6% |
| Indonesia | 1.9 | 1.0 | 2.8 | N/A | 21.4% |
| Philippines | N/A | N/A | 5.6 | N/A | 0% |
| United Arab Emirates | 7.1 | 3.7 | 5.0 | N/A | -16.1% |
| Taiwan (Chinese) | 2.9 | 4.0 | 5.0 | N/A | 31.3% |
| Saudi Arabia | 8.4 | 9.2 | 14.4 | N/A | 30.9% |
| Others | 2.8 | 0.6 | 3.0 | 1.3 | -22.6% |
| Total | 38.0 | 35.4 | 60.4 | 31.4 | -6.2% |
Top Suppliers of Propene to Malaysia in 2022:
- Thailand (12.7K tons)
- South Korea (8.5K tons)
- Oman (2.3K tons)
- Singapore (0.1K tons)
Propene Exports in Malaysia
In 2022, approx. 122K tons of propene (propylene) were exported from Malaysia; jumping by 210% against 2021. Over the period under review, exports saw significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 234% against the previous year. As a result, the exports reached the peak of 150K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, propene exports soared to $110M in 2022. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 221% against the previous year. As a result, the exports attained the peak of $128M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Propene in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 0.2 | 1.6 | 0.4 | 30.7 | 435.4% |
| Thailand | 1.9 | 14.8 | 3.9 | 27.0 | 142.2% |
| China | 7.8 | 23.3 | 6.2 | 16.5 | 28.4% |
| Belgium | 1.3 | 14.2 | 6.6 | 10.8 | 102.5% |
| Indonesia | 5.0 | 4.9 | 2.8 | 9.3 | 23.0% |
| Egypt | 4.5 | 27.5 | 4.8 | 8.7 | 24.6% |
| Vietnam | N/A | 14.8 | 2.8 | 5.1 | -41.3% |
| Taiwan (Chinese) | 8.6 | 6.4 | 1.0 | 1.5 | -44.1% |
| Others | 10.3 | 20.2 | 11.6 | N/A | 6.1% |
| Total | 39.7 | 128 | 40.1 | 110 | 40.5% |
Top Export Markets for Propene from Malaysia in 2022:
- Thailand (33.0K tons)
- Singapore (29.6K tons)
- China (23.0K tons)
- Indonesia (11.8K tons)
- Belgium (9.6K tons)
- Egypt (7.0K tons)
- Vietnam (5.2K tons)
- Taiwan (Chinese) (2.3K tons)
This report provides an in-depth analysis of the propene 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 20141140 - Propene (propylene)
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
- 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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