Malaysia: Derivatives Of Hydrocarbons Market 2024

Derivatives Of Hydrocarbons Market Size in Malaysia

In 2022, the Malaysian derivatives of hydrocarbons market increased by X% to $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption, however, showed a abrupt setback. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Derivatives Of Hydrocarbons Exports

Exports from Malaysia

In 2022, exports of derivatives of hydrocarbons other than containing only sulpho-, nitro-, or nitroso groups from Malaysia fell notably to X tons, which is down by X% against 2021. Over the period under review, exports showed a mild descent. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, derivatives of hydrocarbons exports declined remarkably to $X in 2022. In general, exports showed a pronounced setback. The most prominent rate of growth was recorded in 2020 with an increase of X%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Pakistan (X tons) was the main destination for derivatives of hydrocarbons exports from Malaysia, with a X% share of total exports. Moreover, derivatives of hydrocarbons exports to Pakistan exceeded the volume sent to the second major destination, the United States (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Pakistan stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Singapore (X% per year).

In value terms, Pakistan ($X) remains the key foreign market for derivatives of hydrocarbons other than containing only sulpho-, nitro-, or nitroso groups exports from Malaysia, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Pakistan totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Singapore (X% per year).

Export Prices by Country

In 2022, the average derivatives of hydrocarbons export price amounted to $X per ton, rising by X% against the previous year. Over the period under review, the export price, however, recorded a perceptible decline. The growth pace was the most rapid in 2014 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Pakistan ($X 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 (X%), while the prices for the other major destinations experienced more modest paces of growth.

Derivatives Of Hydrocarbons Imports

Imports into Malaysia

In 2022, overseas purchases of derivatives of hydrocarbons other than containing only sulpho-, nitro-, or nitroso groups were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, recorded a abrupt setback. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, derivatives of hydrocarbons imports skyrocketed to $X in 2022. Over the period under review, imports, however, saw a abrupt shrinkage. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest derivatives of hydrocarbons supplier to Malaysia, accounting for a X% share of total imports. Moreover, derivatives of hydrocarbons imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), fivefold. Singapore (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Singapore (X% per year).

In value terms, China ($X) constituted the largest supplier of derivatives of hydrocarbons other than containing only sulpho-, nitro-, or nitroso groups to Malaysia, comprising X% of total imports. The second position in the ranking was held by India ($X), with a X% share of total imports. It was followed by Singapore, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Singapore (X% per year).

Import Prices by Country

The average derivatives of hydrocarbons import price stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, the import price enjoyed a resilient expansion. Over the period under review, average import prices reached the maximum at $X per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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