Report Update Apr 1, 2024

Malaysia - Ethylene Glycol (Ethanediol) - Market Analysis, Forecast, Size, Trends and Insights

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Malaysia: Ethylene Glycol Market 2024

Ethylene Glycol Market Size in Malaysia

The Malaysian ethylene glycol market declined to $X in 2022, standing approx. at the previous year. Overall, consumption, however, continues to indicate a noticeable reduction. Ethylene glycol consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Ethylene Glycol Production in Malaysia

In value terms, ethylene glycol production shrank slightly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a pronounced reduction. The pace of growth was the most pronounced in 2018 when the production volume increased by 35%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Ethylene Glycol Exports

Exports from Malaysia

In 2022, the amount of ethylene glycol (ethanediol) exported from Malaysia totaled X tons, with an increase of 4.3% against the previous year's figure. In general, total exports indicated a moderate increase from 2012 to 2022: its volume increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -3.9% against 2020 indices. The pace of growth appeared the most rapid in 2018 with an increase of 74%. Over the period under review, the exports reached the peak figure at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, ethylene glycol exports declined to $X in 2022. Over the period under review, exports, however, continue to indicate a noticeable contraction. The pace of growth appeared the most rapid in 2018 when exports increased by 84% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Myanmar (X tons) was the main destination for ethylene glycol exports from Malaysia, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Myanmar totaled +1,670.5%.

In value terms, Myanmar ($X) emerged as the key foreign market for ethylene glycol (ethanediol) exports from Malaysia.

From 2012 to 2022, the average annual rate of growth in terms of value to Myanmar totaled +1,280.5%.

Export Prices by Country

The average ethylene glycol export price stood at $X per ton in 2022, shrinking by -17% against the previous year. Over the period under review, the export price recorded a deep slump. The growth pace was the most rapid in 2021 an increase of 49%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Myanmar.

From 2012 to 2022, the rate of growth in terms of prices for Singapore amounted to -3.7% per year.

Ethylene Glycol Imports

Imports into Malaysia

In 2022, overseas purchases of ethylene glycol (ethanediol) were finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Overall, imports, however, showed a pronounced curtailment. The pace of growth was the most pronounced in 2013 when imports increased by 162% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, ethylene glycol imports skyrocketed to $X in 2022. Over the period under review, imports, however, showed a deep slump. The pace of growth was the most pronounced in 2013 with an increase of 149% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Singapore (X tons) constituted the largest supplier of ethylene glycol to Malaysia, with a 87% share of total imports. Moreover, ethylene glycol imports from Singapore exceeded the figures recorded by the second-largest supplier, China (X tons), eightfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Singapore stood at -2.1%.

In value terms, Singapore ($X) constituted the largest supplier of ethylene glycol (ethanediol) to Malaysia, comprising 72% of total imports. The second position in the ranking was held by China ($X), with a 21% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Singapore totaled -8.4%.

Import Prices by Country

In 2022, the average ethylene glycol import price amounted to $X per ton, which is down by -17% against the previous year. In general, the import price saw a noticeable shrinkage. The pace of growth appeared the most rapid in 2018 an increase of 25% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2019; however, from 2020 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 China ($X per ton), while the price for Singapore totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for ethylene glycol (ethanediol) in the world?

China remains the largest ethylene glycol consuming country worldwide, comprising approx. 24% of total volume. Moreover, ethylene glycol consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The third position in this ranking was taken by Saudi Arabia, with an 8.8% share.

What are the largest producers of ethylene glycol (ethanediol) in the world?

The countries with the highest volumes of production in 2022 were the United States, Saudi Arabia and Canada, together comprising 35% of global production.

What are the leading suppliers of ethylene glycol (ethanediol) to Malaysia?

In value terms, Singapore constituted the largest supplier of ethylene glycol ethanediol) to Malaysia, comprising 72% of total imports. The second position in the ranking was taken by China, with a 21% share of total imports.

What are the leading importers of ethylene glycol (ethanediol) from Malaysia?

In value terms, Myanmar emerged as the key foreign market for ethylene glycol ethanediol) exports from Malaysia.

What is the average export price for ethylene glycol (ethanediol) in Malaysia?

The average ethylene glycol export price stood at $523 per ton in 2022, falling by -17% against the previous year.

What is the average import price for ethylene glycol (ethanediol) in Malaysia?

The average ethylene glycol import price stood at $715 per ton in 2022, falling by -17% against the previous year.

This report provides an in-depth analysis of the ethylene 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 20142310 - Ethylene glycol (ethanediol)

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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. 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
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023