Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Malaysia - 2024
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Malaysia (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Malaysia (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Malaysia
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Malaysia
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Malaysia (CIF) - 2022
In 2022, the average import price for acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses amounted to $1,746 per ton, with an increase of 16% against the previous year. In general, the import price, however, saw a perceptible decrease. The import price peaked at $2,343 per ton in 2013; however, from 2014 to 2022, import prices remained at a 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 Canada ($2,582 per ton), while the price for the United States ($1,448 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Malaysia (FOB) - 2022
The average export price for acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses stood at $2,490 per ton in 2022, picking up by 17% against the previous year. Over the period under review, the export price, however, continues to indicate a mild curtailment. The growth pace was the most rapid in 2016 when the average export price increased by 18%. The export price peaked at $2,784 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
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 China ($5,637 per ton), while the average price for exports to India ($2,258 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 China (+12.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Malaysia
In 2022, the amount of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses imported into Malaysia rose significantly to 5.1K tons, picking up by 12% compared with 2021. The total import volume increased at an average annual rate of +1.6% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses surged to $8.9M in 2022. Over the period under review, imports recorded a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2,462 | 1,532 | 2,101 | 3,246 | 9.7% |
| China | 954 | 1,863 | 1,464 | 1,428 | 14.4% |
| Canada | 446 | 762 | 390 | 945 | 28.4% |
| South Africa | 171 | 224 | 591 | 813 | 68.2% |
| Netherlands | 808 | 294 | 322 | 760 | -2.0% |
| Germany | 1,814 | 257 | 752 | 499 | -35.0% |
| South Korea | 675 | 849 | 263 | 396 | -16.3% |
| Others | 1,377 | 1,195 | 944 | 824 | -15.7% |
| Total | 8,707 | 6,976 | 6,826 | 8,911 | 0.8% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters to Malaysia in 2022:
- United States (2241.9 tons)
- China (923.9 tons)
- Canada (366.1 tons)
- South Africa (341.7 tons)
- Germany (334.0 tons)
- Netherlands (315.3 tons)
- South Korea (199.1 tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Malaysia
Exports of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses from Malaysia shrank remarkably to 257 tons in 2022, waning by -38.5% on the year before. Overall, exports saw a abrupt decline. The most prominent rate of growth was recorded in 2021 when exports increased by 149%. As a result, the exports reached the peak of 418 tons, and then contracted notably in the following year.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses dropped significantly to $640K in 2022. In general, exports recorded a drastic downturn. The pace of growth was the most pronounced in 2021 when exports increased by 126%. As a result, the exports reached the peak of $864K, and then shrank notably in the following year.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 580 | 260 | 393 | 395 | -12.0% |
| Singapore | 60.9 | 40.7 | 187 | 123 | 26.4% |
| Hong Kong SAR | 26.4 | 32.0 | 45.0 | 65.0 | 35.0% |
| South Korea | N/A | 7.4 | 50.2 | 39.0 | 129.6% |
| China | N/A | N/A | 122 | 7.7 | -93.7% |
| Indonesia | 2.6 | 35.4 | 9.8 | 5.6 | 29.1% |
| Others | 98.2 | 7.5 | 57.3 | 4.5 | -64.2% |
| Total | 768 | 383 | 864 | 640 | -5.9% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters from Malaysia in 2022:
- India (175.1 tons)
- Singapore (50.4 tons)
- Hong Kong SAR (14.5 tons)
- South Korea (12.4 tons)
- Indonesia (1.8 tons)
- China (1.4 tons)
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