Price for Dyes; Pigments and Preparations Based Thereon in Malaysia - 2024
Contents:
- Price for Dyes; Pigments and Preparations Based Thereon in Malaysia (CIF) - 2022
- Price for Dyes; Pigments and Preparations Based Thereon in Malaysia (FOB) - 2024
- Imports of Dyes; Pigments and Preparations Based Thereon in Malaysia
- Exports of Dyes; Pigments and Preparations Based Thereon in Malaysia
Price for Dyes; Pigments and Preparations Based Thereon in Malaysia (CIF) - 2022
In 2022, the average import price for dyes; pigments and preparations based therea amounted to $8,161 per ton, growing by 17% against the previous year. Over the last decade, it increased at an average annual rate of +3.2%. The pace of growth appeared the most rapid in 2018 an increase of 25% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to continue growth in the near future.
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 the United States ($20,209 per ton), while the price for Turkey ($3,568 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+15.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Dyes; Pigments and Preparations Based Thereon in Malaysia (FOB) - 2024
In January 2024, the average export price for dyes; pigments and preparations based therea amounted to $6,815 per ton, which is down by -2.2% against the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in December 2023 an increase of 21% against the previous month. The export price peaked at $7,166 per ton in June 2023; however, from July 2023 to January 2024, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In January 2024, the country with the highest price was El Salvador ($10,634 per ton), while the average price for exports to the Philippines ($1,056 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Dyes; Pigments and Preparations Based Thereon in Malaysia
In 2022, overseas purchases of dyes; pigments and preparations based therea decreased by -31.1% to 7.8K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports showed a abrupt decline. The pace of growth was the most pronounced in 2021 when imports increased by 15%. As a result, imports reached the peak of 11K tons, and then shrank remarkably in the following year.
In value terms, imports of dyes; pigments and preparations based therea fell sharply to $64M in 2022. Overall, imports saw a noticeable downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 9% against the previous year. As a result, imports reached the peak of $79M, and then shrank notably in the following year.
| Import of Dyes; Pigments and Preparations Based Thereon in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 25.9 | 28.7 | 33.1 | 24.0 | -2.5% |
| India | 11.3 | 13.7 | 17.0 | 14.6 | 8.9% |
| Germany | 7.7 | 6.7 | 7.4 | 6.2 | -7.0% |
| Japan | 4.5 | 3.4 | 4.4 | 3.9 | -4.7% |
| Thailand | 2.8 | 3.3 | 3.1 | 2.7 | -1.2% |
| United States | 2.9 | 3.0 | 1.9 | 2.1 | -10.2% |
| Taiwan (Chinese) | 1.5 | 1.5 | 1.8 | 1.7 | 4.3% |
| Singapore | 1.7 | 1.7 | 1.1 | 1.4 | -6.3% |
| Australia | 5.5 | 3.1 | 1.6 | 1.1 | -41.5% |
| South Korea | 1.6 | 1.5 | 1.6 | 1.1 | -11.7% |
| Indonesia | 0.4 | 0.6 | 1.0 | 0.9 | 31.0% |
| Turkey | 0.1 | 0.1 | 0.3 | 0.6 | 81.7% |
| Others | 6.6 | 5.5 | 4.8 | 3.7 | -17.5% |
| Total | 72.4 | 72.7 | 79.2 | 64.0 | -4.0% |
Top Suppliers of Dyes; Pigments and Preparations Based Thereon to Malaysia in 2022:
- China (3813.7 tons)
- India (1838.1 tons)
- Germany (334.8 tons)
- Japan (290.6 tons)
- Taiwan (Chinese) (258.9 tons)
- Thailand (229.4 tons)
- Indonesia (176.2 tons)
- Turkey (163.7 tons)
- Singapore (134.9 tons)
- South Korea (103.5 tons)
- United States (101.5 tons)
- Australia (77.7 tons)
Exports of Dyes; Pigments and Preparations Based Thereon in Malaysia
After three years of growth, shipments abroad of dyes; pigments and preparations based therea decreased by -11.8% to 4.6K tons in 2022. In general, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +15.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +55.7% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 38%. As a result, the exports attained the peak of 5.2K tons, and then shrank in the following year.
In value terms, exports of dyes; pigments and preparations based therea fell to $32M in 2022. Overall, exports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 61%. As a result, the exports reached the peak of $34M, and then fell in the following year.
| Export of Dyes; Pigments and Preparations Based Thereon in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 2.4 | 4.8 | 11.5 | 13.6 | 78.3% |
| Thailand | 4.8 | 6.7 | 8.8 | 7.3 | 15.0% |
| Vietnam | 1.5 | 2.8 | 4.0 | 4.3 | 42.1% |
| Singapore | 1.3 | 1.5 | 1.9 | 1.2 | -2.6% |
| Philippines | 0.3 | 0.8 | 1.3 | 0.9 | 44.2% |
| Sri Lanka | 0.3 | 0.4 | 0.6 | 0.8 | 38.7% |
| China | 0.2 | 0.3 | 0.5 | 0.5 | 35.7% |
| Pakistan | 0.2 | 0.6 | 0.7 | 0.4 | 26.0% |
| India | 1.4 | 1.1 | 1.5 | 0.1 | -58.5% |
| Denmark | 0.1 | N/A | N/A | N/A | 0% |
| Others | 1.5 | 2.0 | 2.7 | 2.6 | 20.1% |
| Total | 13.9 | 20.9 | 33.6 | 31.8 | 31.8% |
Top Export Markets for Dyes; Pigments and Preparations Based Thereon from Malaysia in 2022:
- Indonesia (1641.9 tons)
- Thailand (1346.1 tons)
- Vietnam (529.7 tons)
- Sri Lanka (167.5 tons)
- Singapore (145.3 tons)
- Philippines (97.2 tons)
- Pakistan (87.8 tons)
- China (84.8 tons)
- Denmark (82.4 tons)
- India (41.7 tons)
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