Malaysia - Propylene Glycol (Propane-1,2-Diol) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPropylene Glycol Price in Malaysia - 2021
Contents:
- Propylene Glycol Price in Malaysia (CIF) - 2021
- Propylene Glycol Price in Malaysia (FOB) - 2022
- Propylene Glycol Imports in Malaysia
- Propylene Glycol Exports in Malaysia
Propylene Glycol Price in Malaysia (CIF) - 2021
In December 2021, the average propylene glycol import price amounted to $2,907 per ton, with an increase of 3.7% against the previous month. Over the period under review, import price indicated a remarkable increase from December 2020 to December 2021: its price increased at an average monthly rate of +5.6% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2021 figures, propylene glycol import price increased by +22.8% against September 2021 indices. The most prominent rate of growth was recorded in March 2021 an increase of 23% against the previous month. Over the period under review, average import prices attained the peak figure in December 2021.
Average prices varied somewhat amongst the major supplying countries. In December 2021, the highest price was recorded for prices from China ($2,973 per ton) and South Korea ($2,957 per ton), while the price for Taiwan (Chinese) ($2,338 per ton) and the United States ($2,691 per ton) were amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by China (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Propylene Glycol Price in Malaysia (FOB) - 2022
In 2022, the average propylene glycol export price amounted to $2,451 per ton, increasing by 12% against the previous year. Overall, export price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when the average export price increased by 33% against the previous year. Over the period under review, the average export prices reached the peak figure at $2,493 per ton in 2019; afterwards, it flattened through to 2022.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Yemen ($3,288 per ton), while the average price for exports to the United Arab Emirates ($1,092 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 Italy (+13.5%), while the prices for the other major destinations experienced more modest paces of growth.
Propylene Glycol Imports in Malaysia
In 2022, propylene glycol imports into Malaysia reduced to 15K tons, which is down by -9% against the previous year's figure. Over the period under review, imports recorded a abrupt decrease. The smallest decline of -1.2% was in 2021.
In value terms, propylene glycol imports declined to $35M in 2022. In general, imports, however, posted a resilient expansion. The pace of growth was the most pronounced in 2021 when imports increased by 92% against the previous year. As a result, imports attained the peak of $40M, and then fell in the following year.
| Import of Propylene Glycol in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 5.6 | 4.6 | 10.9 | 8.3 | 14.0% |
| China | 2.8 | 4.1 | 8.0 | 6.1 | 29.6% |
| Singapore | 5.6 | 4.7 | 6.3 | 4.8 | -5.0% |
| South Korea | 1.7 | 1.5 | 4.9 | 3.7 | 29.6% |
| United States | 4.0 | 2.8 | 4.0 | 3.0 | -9.1% |
| Saudi Arabia | 1.7 | 1.6 | 3.8 | 2.9 | 19.5% |
| Taiwan (Chinese) | 1.1 | 0.8 | 0.6 | 0.6 | -18.3% |
| Others | 0.3 | 0.5 | 1.0 | 5.7 | 166.8% |
| Total | 22.8 | 20.6 | 39.5 | 35.1 | 15.5% |
Top Suppliers of Propylene Glycol to Malaysia in 2022:
- Thailand (4.3K tons)
- Singapore (3.3K tons)
- China (3.1K tons)
- United States (2.1K tons)
- South Korea (1.7K tons)
- Saudi Arabia (1.5K tons)
- Taiwan (Chinese) (0.5K tons)
Propylene Glycol Exports in Malaysia
In 2022, exports of propylene glycol (propane-1,2-diol) from Malaysia surged to 322 tons, increasing by 105% on 2021. Overall, exports, however, continue to indicate a deep slump.
In value terms, propylene glycol exports soared to $789K in 2022. Over the period under review, exports, however, recorded a abrupt slump.
| Export of Propylene Glycol in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Syrian Arab Republic | 299 | 114 | 96.2 | 276 | -2.6% |
| Singapore | 264 | 96.5 | 65.4 | 187 | -10.9% |
| United Arab Emirates | 21.2 | 89.6 | 34.4 | 98.5 | 66.9% |
| Vietnam | 194 | 47.5 | 24.5 | 87.5 | -23.3% |
| Yemen | 17.4 | 86.8 | 17.8 | 51.1 | 43.2% |
| Thailand | N/A | 513 | 29.2 | N/A | -94.3% |
| Sri Lanka | 97.2 | N/A | 65.2 | N/A | -18.1% |
| Italy | 54.6 | N/A | N/A | N/A | 0% |
| Others | 80.5 | 112 | 10.0 | 88.6 | 3.2% |
| Total | 1,028 | 1,060 | 343 | 789 | -8.4% |
Top Export Markets for Propylene Glycol from Malaysia in 2022:
- Syrian Arab Republic (99.7 tons)
- United Arab Emirates (90.2 tons)
- Singapore (63.5 tons)
- Vietnam (27.5 tons)
- Yemen (15.6 tons)
This report provides an in-depth analysis of the propylene glycol 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 20142320 - Propylene glycol (propane-1,2-diol)
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
-
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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