Malaysia: Ethylene Polymer Bag Market 2024

Ethylene Polymer Bag Market Size in Malaysia

In 2022, the Malaysian ethylene polymer bag market decreased by -3.2% to $X for the first time since 2015, thus ending a six-year rising trend. Over the period under review, the total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +65.4% against 2015 indices. Ethylene polymer bag consumption peaked at $X in 2021, and then dropped in the following year.

Ethylene Polymer Bag Production in Malaysia

In value terms, ethylene polymer bag production declined modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 with an increase of 14% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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Ethylene Polymer Bag Exports

Exports from Malaysia

In 2022, shipments abroad of sacks and bags of polymers of ethylene was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, recorded a pronounced decline. The pace of growth appeared the most rapid in 2019 when exports increased by 13%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, ethylene polymer bag exports dropped modestly to $X in 2022. Overall, exports, however, recorded a noticeable descent. The growth pace was the most rapid in 2015 when exports increased by 9.8% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons), Australia (X tons) and Japan (X tons) were the main destinations of ethylene polymer bag exports from Malaysia, together accounting for 70% of total exports. Singapore, the UK, Norway, New Zealand, France and Germany lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2022, the biggest increases were recorded for Norway (with a CAGR of +29.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Australia ($X) and Japan ($X) constituted the largest markets for ethylene polymer bag exported from Malaysia worldwide, with a combined 72% share of total exports. Singapore, the UK, Norway, New Zealand, France and Germany lagged somewhat behind, together accounting for a further 18%.

In terms of the main countries of destination, Norway, with a CAGR of +28.4%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average ethylene polymer bag export price amounted to $X per ton, which is down by -6.8% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 15%. As a result, the export price attained the peak level of $X per ton, and then fell in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to France ($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 Germany (+3.2%), while the prices for the other major destinations experienced mixed trend patterns.

Ethylene Polymer Bag Imports

Imports into Malaysia

In 2022, after four years of growth, there was significant decline in supplies from abroad of sacks and bags of polymers of ethylene, when their volume decreased by -9.6% to X tons. In general, imports, however, enjoyed a prominent expansion. The growth pace was the most rapid in 2013 with an increase of 53% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021, and then contracted in the following year.

In value terms, ethylene polymer bag imports dropped to $X in 2022. Over the period under review, imports, however, posted a buoyant expansion. The growth pace was the most rapid in 2013 when imports increased by 45%. Over the period under review, imports attained the peak figure at $X in 2021, and then dropped in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of ethylene polymer bag to Malaysia, with a 75% share of total imports. Moreover, ethylene polymer bag imports from China exceeded the figures recorded by the second-largest supplier, Singapore (X tons), more than tenfold. The third position in this ranking was held by the United States (X tons), with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +17.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (-0.7% per year) and the United States (+8.1% per year).

In value terms, China ($X) constituted the largest supplier of sacks and bags of polymers of ethylene to Malaysia, comprising 76% of total imports. The second position in the ranking was held by Singapore ($X), with a 5.7% share of total imports. It was followed by the United States, with a 4.7% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +18.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (-4.0% per year) and the United States (+4.7% per year).

Import Prices by Country

The average ethylene polymer bag import price stood at $X per ton in 2022, surging by 2.3% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average import price increased by 12% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat 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 Japan ($X per ton), while the price for Singapore ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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