Malaysia: Hydrogen Chloride Market 2024

Hydrogen Chloride Market Size in Malaysia

The Malaysian hydrogen chloride market was finally on the rise to reach $X in 2022, after two years of decline. Overall, consumption showed a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Hydrogen Chloride Production in Malaysia

In value terms, hydrogen chloride production totaled $X in 2022 estimated in export price. Overall, production, however, continues to indicate a slight decline. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Hydrogen chloride production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Hydrogen Chloride Exports

Exports from Malaysia

In 2022, the amount of hydrogen chloride (hydrochloric acid) exported from Malaysia stood at X tons, rising by X% on 2021. In general, exports, however, showed a abrupt decline. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, hydrogen chloride exports amounted to $X in 2022. Over the period under review, exports, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Singapore (X tons) was the main destination for hydrogen chloride exports from Malaysia, with a X% share of total exports. Moreover, hydrogen chloride exports to Singapore exceeded the volume sent to the second major destination, Brunei Darussalam (X tons), eightfold. The third position in this ranking was held by Australia (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Singapore amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brunei Darussalam (X% per year) and Australia (X% per year).

In value terms, Singapore ($X) remains the key foreign market for hydrogen chloride (hydrochloric acid) exports from Malaysia, comprising X% of total exports. The second position in the ranking was held by Brunei Darussalam ($X), with a X% share of total exports. It was followed by New Zealand, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Singapore amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brunei Darussalam (X% per year) and New Zealand (X% per year).

Export Prices by Country

The average hydrogen chloride export price stood at $X per ton in 2022, picking up by X% against the previous year. In general, export price indicated a noticeable increase from 2012 to 2022: its price 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, hydrogen chloride export price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while the average price for exports to Singapore ($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 Australia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Hydrogen Chloride Imports

Imports into Malaysia

Hydrogen chloride imports into Malaysia declined remarkably to X tons in 2022, reducing by X% on 2021. Overall, imports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, hydrogen chloride imports fell rapidly to $X in 2022. In general, imports, however, posted a strong increase. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then shrank notably in the following year.

Imports by Country

In 2022, India (X tons) was the main hydrogen chloride supplier to Malaysia, with a X% share of total imports. Moreover, hydrogen chloride imports from India exceeded the figures recorded by the second-largest supplier, Pakistan (X tons), fivefold. Singapore (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 India stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Pakistan (X% per year) and Singapore (X% per year).

In value terms, Singapore ($X), India ($X) and Pakistan ($X) constituted the largest hydrogen chloride suppliers to Malaysia, with a combined X% share of total imports.

Among the main suppliers, Singapore, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average hydrogen chloride import price stood at $X per ton in 2022, shrinking by X% against the previous year. In general, the import price, however, saw a pronounced expansion. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The import price peaked at $X per ton in 2021, and then dropped modestly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($X per ton), while the price for India ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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