Malaysia: Market for Sulphides, Polysulphides, Dithionites And Sulphoxylates 2023

Market Size for Sulphides, Polysulphides, Dithionites And Sulphoxylates in Malaysia

The Malaysian sulphides, dithionites and sulphoxylates market surged to $X in 2021, jumping by 76% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a notable expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Sulphides, Polysulphides, Dithionites And Sulphoxylates

Exports from Malaysia

In 2021, overseas shipments of sulphides, polysulphides, dithionites and sulphoxylates increased by 170% to X tons, rising for the third year in a row after two years of decline. Over the period under review, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, sulphides, dithionites and sulphoxylates exports surged to $X in 2021. In general, exports enjoyed significant growth. The growth pace was the most rapid in 2015 with an increase of 139% against the previous year. The exports peaked in 2021 and are likely to continue growth in years to come.

Exports by Country

China (X tons) was the main destination for sulphides, dithionites and sulphoxylates exports from Malaysia, accounting for a 66% share of total exports. Moreover, sulphides, dithionites and sulphoxylates exports to China exceeded the volume sent to the second major destination, Thailand (X tons), threefold. Singapore (X tons) ranked third in terms of total exports with a 6.5% share.

From 2012 to 2021, the average annual growth rate of volume to China totaled +106.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+64.1% per year) and Singapore (+19.1% per year).

In value terms, China ($X) emerged as the key foreign market for sulphides, polysulphides, dithionites and sulphoxylates exports from Malaysia, comprising 82% of total exports. The second position in the ranking was taken by Thailand ($X), with an 8.7% share of total exports. It was followed by Japan, with a 4.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China stood at +72.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+42.6% per year) and Japan (-21.8% per year).

Export Prices by Country

The average sulphides, dithionites and sulphoxylates export price stood at $X per ton in 2021, declining by -15.4% against the previous year. In general, the export price, however, showed slight growth. The most prominent rate of growth was recorded in 2013 when the average export price increased by 65% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Japan ($X per ton), while the average price for exports to Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Cambodia (+27.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Sulphides, Polysulphides, Dithionites And Sulphoxylates

Imports into Malaysia

In 2021, the amount of sulphides, polysulphides, dithionites and sulphoxylates imported into Malaysia skyrocketed to X tons, increasing by 83% compared with 2020 figures. Over the period under review, imports continue to indicate a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, sulphides, dithionites and sulphoxylates imports soared to $X in 2021. In general, imports showed a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Madagascar (X tons) and Germany (X tons) were the main suppliers of sulphides, dithionites and sulphoxylates imports to Malaysia, together accounting for 93% of total imports.

From 2012 to 2021, the biggest increases were recorded for Madagascar (with a CAGR of +718.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Madagascar ($X) and Germany ($X) were the largest sulphides, dithionites and sulphoxylates suppliers to Malaysia, with a combined 81% share of total imports.

Among the main suppliers, Madagascar, with a CAGR of +1,488.0%, saw 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

In 2021, the average sulphides, dithionites and sulphoxylates import price amounted to $X per ton, almost unchanged from the previous year. In general, the import price saw a deep downturn. The most prominent rate of growth was recorded in 2015 when the average import price increased by 12% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for Madagascar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Madagascar (+94.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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