Malaysia: Market for Unsaturated Polyesters In Primary Forms 2024

Market Size for Unsaturated Polyesters In Primary Forms in Malaysia

The Malaysian market for unsaturated polyesters in primary forms shrank to $X in 2022, declining by X% against the previous year. Overall, the total consumption indicated a slight increase from 2012 to 2022: its value 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, consumption decreased by X% against 2019 indices. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Unsaturated Polyesters In Primary Forms in Malaysia

In value terms, unsaturated polyesters in primary forms production fell 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 was the most pronounced in 2018 with an increase of X%. Unsaturated polyesters in primary forms production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

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Exports of Unsaturated Polyesters In Primary Forms

Exports from Malaysia

Unsaturated polyesters in primary forms exports from Malaysia dropped slightly to X tons in 2022, waning by X% on the previous year's figure. Over the period under review, total exports indicated a resilient expansion from 2012 to 2022: its volume 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, exports increased by X% against 2017 indices. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The exports peaked at X tons in 2021, and then reduced modestly in the following year.

In value terms, unsaturated polyesters in primary forms exports rose rapidly to $X in 2022. Overall, exports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Vietnam (X tons) was the main destination for unsaturated polyesters in primary forms exports from Malaysia, with a X% share of total exports. Moreover, unsaturated polyesters in primary forms exports to Vietnam exceeded the volume sent to the second major destination, India (X tons), fourfold. The third position in this ranking was taken by Indonesia (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Vietnam stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and Indonesia (X% per year).

In value terms, Vietnam ($X) remains the key foreign market for unsaturated polyesters in primary forms exports from Malaysia, comprising X% of total exports. The second position in the ranking was taken by India ($X), with an X% share of total exports. It was followed by Indonesia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Vietnam totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and Indonesia (X% per year).

Export Prices by Country

In 2022, the average export price for unsaturated polyesters in primary forms amounted to $X per ton, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in years to come.

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 Australia ($X per ton), while the average price for exports to Indonesia ($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 Bangladesh (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Unsaturated Polyesters In Primary Forms

Imports into Malaysia

In 2022, purchases abroad of unsaturated polyesters in primary forms decreased by X% to X tons for the first time since 2014, thus ending a seven-year rising trend. In general, imports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked at X tons in 2021, and then shrank significantly in the following year.

In value terms, unsaturated polyesters in primary forms imports contracted to $X in 2022. Overall, imports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021, and then contracted in the following year.

Imports by Country

In 2022, Indonesia (X tons) constituted the largest supplier of unsaturated polyesters in primary forms to Malaysia, accounting for a X% share of total imports. Moreover, unsaturated polyesters in primary forms imports from Indonesia exceeded the figures recorded by the second-largest supplier, Singapore (X tons), fourfold. China (X tons) ranked third in terms of total imports with an X% share.

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

In value terms, Indonesia ($X), China ($X) and Singapore ($X) constituted the largest unsaturated polyesters in primary forms suppliers to Malaysia, together accounting for X% of total imports.

Among the main suppliers, Indonesia, 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

In 2022, the average import price for unsaturated polyesters in primary forms amounted to $X per ton, rising by X% against the previous year. Over the period under review, the import price, however, showed a deep contraction. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Indonesia ($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 mixed trend patterns.

Source: IndexBox Platform