Malaysia: Market for Siliceous Fossil Meals (Kieselguhr, Tripolite and Diatomite) 2024

Market Size for Siliceous Fossil Meals (Kieselguhr, Tripolite and Diatomite) in Malaysia

In 2022, the Malaysian market for siliceous fossil meals (kieselguhr, tripolite and diatomite) increased by X% to $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption continues to indicate a pronounced slump. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Exports of Siliceous Fossil Meals (Kieselguhr, Tripolite and Diatomite)

Exports from Malaysia

After four years of decline, overseas shipments of siliceous fossil meals (kieselguhr, tripolite and diatomite) increased by X% to X tons in 2022. Overall, exports showed noticeable growth. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, exports of siliceous fossil meals (kieselguhr, tripolite and diatomite) surged to $X in 2022. Over the period under review, exports enjoyed a remarkable increase. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Singapore (X tons) was the main destination for exports of siliceous fossil meals (kieselguhr, tripolite and diatomite) from Malaysia, accounting for a X% share of total exports. Moreover, exports of siliceous fossil meals (kieselguhr, tripolite and diatomite) to Singapore exceeded the volume sent to the second major destination, Vietnam (X tons), fivefold.

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: Vietnam (X% per year) and Brunei Darussalam (X% per year).

In value terms, Singapore ($X), Vietnam ($X) and Brunei Darussalam ($X) appeared to be the largest markets for siliceous fossil meal (kieselguhr, tripolite and diatomite) exported from Malaysia worldwide.

Brunei Darussalam, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for siliceous fossil meals (kieselguhr, tripolite and diatomite) stood at $X per ton in 2022, which is down by X% against the previous year. Over the period under review, the export price, however, showed perceptible growth. The pace of growth appeared the most rapid in 2019 an increase of X%. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Brunei Darussalam ($X per ton), while the average price for exports to Singapore ($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 Thailand (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Imports of Siliceous Fossil Meals (Kieselguhr, Tripolite and Diatomite)

Imports into Malaysia

For the third consecutive year, Malaysia recorded decline in supplies from abroad of siliceous fossil meals (kieselguhr, tripolite and diatomite), which decreased by X% to X tons in 2022. In general, imports recorded a abrupt decline. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, imports of siliceous fossil meals (kieselguhr, tripolite and diatomite) skyrocketed to $X in 2022. Over the period under review, imports recorded a pronounced downturn. Imports peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest siliceous fossil meal (kieselguhr, tripolite and diatomite) supplier to Malaysia, with a X% share of total imports. Moreover, imports of siliceous fossil meals (kieselguhr, tripolite and diatomite) from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. Germany (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, China ($X) constituted the largest supplier of siliceous fossil meals (kieselguhr, tripolite and diatomite) to Malaysia, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

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

Import Prices by Country

In 2022, the average import price for siliceous fossil meals (kieselguhr, tripolite and diatomite) amounted to $X per ton, jumping by X% against the previous year. In general, import price indicated notable growth 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, import price for siliceous fossil meals (kieselguhr, tripolite and diatomite) increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

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 Spain ($X per ton), while the price for China ($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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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