Malaysia: Nitrogen Market 2024

Nitrogen Market Size in Malaysia

The Malaysian nitrogen market declined modestly to $X in 2022, waning by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Nitrogen Production in Malaysia

In value terms, nitrogen production declined slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Nitrogen Exports

Exports from Malaysia

In 2022, the amount of nitrogen exported from Malaysia skyrocketed to X cubic meters, picking up by X% against 2021. In general, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, nitrogen exports soared to $X in 2022. Overall, exports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

Exports by Country

Singapore (X cubic meters), Brunei Darussalam (X cubic meters) and Thailand (X cubic meters) were the main destinations of nitrogen exports from Malaysia, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Singapore (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for nitrogen exported from Malaysia were Singapore ($X), Brunei Darussalam ($X) and Thailand ($X), with a combined X% share of total exports.

Among the main countries of destination, Singapore, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average nitrogen export price stood at $X per cubic meter in 2022, with a decrease of X% against the previous year. Over the period under review, the export price showed a abrupt decrease. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per cubic meter. From 2014 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per cubic meter), while the average price for exports to Brunei Darussalam ($X per cubic meter) was amongst the lowest.

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

Nitrogen Imports

Imports into Malaysia

In 2022, the amount of nitrogen imported into Malaysia totaled X cubic meters, surging by X% on the previous year. Over the period under review, imports continue to indicate a strong increase. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, nitrogen imports rose markedly to $X in 2022. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, Singapore (X cubic meters) constituted the largest nitrogen supplier to Malaysia, accounting for a X% share of total imports. Moreover, nitrogen imports from Singapore exceeded the figures recorded by the second-largest supplier, China (X cubic meters), twofold. The third position in this ranking was held by the United States (X cubic meters), with a X% share.

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

In value terms, Singapore ($X) constituted the largest supplier of nitrogen to Malaysia, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

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

Import Prices by Country

The average nitrogen import price stood at $X per cubic meter in 2022, stabilizing at the previous year. In general, the import price recorded a abrupt slump. The growth pace was the most rapid in 2013 an increase of X%. As a result, import price reached the peak level of $X per cubic meter. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Japan ($X per cubic meter) and China ($X per cubic meter), while the price for Hong Kong SAR ($X per cubic meter) and the UK ($X per cubic meter) were amongst the lowest.

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

Source: IndexBox Platform

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