Malaysia: Acrylic Acid Esters Market 2024

Acrylic Acid Esters Market Size in Malaysia

The Malaysian acrylic acid esters market soared to $X in 2022, increasing by X% against the previous year. In general, consumption enjoyed a remarkable increase. Acrylic acid esters consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Acrylic Acid Esters Production in Malaysia

In value terms, acrylic acid esters production stood at $X in 2022 estimated in export price. In general, the total production indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2019 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Acrylic Acid Esters Exports

Exports from Malaysia

In 2022, acrylic acid esters exports from Malaysia contracted remarkably to X tons, which is down by X% compared with the previous year. In general, exports saw a pronounced shrinkage. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then dropped notably in the following year.

In value terms, acrylic acid esters exports shrank markedly to $X in 2022. Overall, exports showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The exports peaked at $X in 2021, and then reduced markedly in the following year.

Exports by Country

India (X tons) was the main destination for acrylic acid esters exports from Malaysia, accounting for a X% share of total exports. Moreover, acrylic acid esters exports to India exceeded the volume sent to the second major destination, China (X tons), threefold. The third position in this ranking was taken by Thailand (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to India was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Thailand (X% per year).

In value terms, India ($X) remains the key foreign market for esters of acrylic acid exports from Malaysia, comprising X% of total exports. The second position in the ranking was taken by China ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.

From 2012 to 2022, the average annual growth rate of value to India was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Thailand (X% per year).

Export Prices by Country

The average acrylic acid esters export price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the export price, however, recorded a mild slump. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Pakistan ($X per ton) and South Korea ($X per ton), while the average price for exports to India ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Acrylic Acid Esters Imports

Imports into Malaysia

In 2022, approx. X tons of esters of acrylic acid were imported into Malaysia; declining by X% compared with 2021. In general, imports, however, recorded a prominent expansion. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of X tons, and then shrank in the following year.

In value terms, acrylic acid esters imports reduced rapidly to $X in 2022. Over the period under review, imports, however, recorded a prominent expansion. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then declined markedly in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest acrylic acid esters supplier to Malaysia, with a X% share of total imports. Moreover, acrylic acid esters imports from China exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), fourfold. Indonesia (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, China ($X) constituted the largest supplier of esters of acrylic acid to Malaysia, comprising X% of total imports. The second position in the ranking was held by Saudi Arabia ($X), with a X% share of total imports. It was followed by Taiwan (Chinese), with an X% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (X% per year) and Taiwan (Chinese) (X% per year).

Import Prices by Country

In 2022, the average acrylic acid esters import price amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the import price recorded a mild decline. The most prominent rate of growth was recorded in 2021 an increase of X%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 Japan ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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