Malaysia - Styrene - Market Analysis, Forecast, Size, Trends And Insights
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View PricingStyrene Price in Malaysia - 2021
Contents:
- Styrene Price in Malaysia (CIF) - 2021
- Styrene Price in Malaysia (FOB) - 2021
- Styrene Imports in Malaysia
- Styrene Exports in Malaysia
Styrene Price in Malaysia (CIF) - 2021
In December 2021, the average styrene import price amounted to $1,143 per ton, declining by -10% against the previous month. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2021 when the average import price increased by 24% month-to-month. The import price peaked at $1,365 per ton in June 2021; however, from July 2021 to December 2021, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In December 2021, the country with the highest price was Saudi Arabia ($1,175 per ton), while the price for Singapore totaled $1,092 per ton.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+0.8%).
Styrene Price in Malaysia (FOB) - 2021
The average styrene export price stood at $1,056 per ton in December 2021, which is down by -14.5% against the previous month. Overall, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in March 2021 when the average export price increased by 23% against the previous month. The export price peaked at $1,485 per ton in June 2021; however, from July 2021 to December 2021, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major external markets. In December 2021, the country with the highest price was Singapore ($1,356 per ton), while the average price for exports to India stood at $1,051 per ton.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+2.0%), while the prices for the other major destinations experienced mixed trend patterns.
Styrene Imports in Malaysia
In 2022, approx. 162K tons of styrene were imported into Malaysia; dropping by -5.7% on the previous year. In general, imports saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 11% against the previous year.
In value terms, styrene imports reduced sharply to $166M in 2022. Over the period under review, imports continue to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 72%. As a result, imports attained the peak of $210M, and then reduced sharply in the following year.
| Import of Styrene in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 84.0 | 62.8 | 133 | 101 | 6.3% |
| Saudi Arabia | 52.3 | 56.7 | 70.7 | 53.7 | 0.9% |
| South Korea | 24.0 | N/A | 0.1 | 5.9 | -37.4% |
| Thailand | 2.3 | 2.6 | 3.0 | 2.3 | 0.0% |
| Others | 16.1 | 0.4 | 3.3 | 3.2 | -41.6% |
| Total | 179 | 122 | 210 | 166 | -2.5% |
Top Suppliers of Styrene to Malaysia in 2022:
- Singapore (97.8K tons)
- Saudi Arabia (52.1K tons)
- South Korea (7.0K tons)
- Thailand (2.6K tons)
Styrene Exports in Malaysia
In 2022, exports of styrene from Malaysia fell modestly to 53K tons, waning by -4.2% on the previous year's figure. In general, exports saw a abrupt downturn. The pace of growth was the most pronounced in 2021 when exports increased by 7.1%.
In value terms, styrene exports shrank markedly to $51M in 2022. Overall, exports showed a abrupt shrinkage. The growth pace was the most rapid in 2021 when exports increased by 65%.
| Export of Styrene in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 37.9 | 9.6 | 24.2 | 18.9 | -20.7% |
| India | 6.7 | 12.2 | 20.1 | 15.6 | 32.5% |
| Thailand | 0.1 | 11.4 | 13.9 | 10.8 | 376.2% |
| Singapore | 0.9 | 0.2 | 2.5 | 1.9 | 28.3% |
| Pakistan | 3.1 | 0.1 | 0.9 | 0.7 | -39.1% |
| Vietnam | 3.0 | N/A | 0.2 | 0.5 | -45.0% |
| Others | 12.1 | 4.6 | 1.1 | 2.0 | -45.1% |
| Total | 63.9 | 38.1 | 63.0 | 50.6 | -7.5% |
Top Export Markets for Styrene from Malaysia in 2022:
- China (20.1K tons)
- India (15.5K tons)
- Thailand (12.1K tons)
- Singapore (1.8K tons)
- Pakistan (0.8K tons)
- Vietnam (0.6K tons)
This report provides an in-depth analysis of the styrene 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 20141250 - Styrene
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
-
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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