Price for Poly(Lactic Acid); in Primary Forms in Malaysia - 2021

Contents:

1. Price for Poly(Lactic Acid); in Primary Forms in Malaysia (CIF) - 2022
2. Price for Poly(Lactic Acid); in Primary Forms in Malaysia (FOB) - 2022
3. Imports of Poly(Lactic Acid); in Primary Forms in Malaysia
4. Exports of Poly(Lactic Acid); in Primary Forms in Malaysia

Price for Poly(Lactic Acid); in Primary Forms in Malaysia (CIF) - 2022

In 2022, the average import price for poly(lactic acid); in primary formses amounted to $1,374 per ton, which is down by -2.8% against the previous year. Overall, the import price showed a deep slump. The growth pace was the most rapid in 2020 when the average import price increased by 16% against the previous year. Over the period under review, average import prices hit record highs at $4,125 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 ($3,250 per ton), while the price for Hong Kong SAR ($344 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Poly(Lactic Acid); in Primary Forms in Malaysia (FOB) - 2022

In 2022, the average export price for poly(lactic acid); in primary formses amounted to $1,107 per ton, shrinking by -12.9% against the previous year. Over the period under review, the export price continues to indicate a abrupt setback. The growth pace was the most rapid in 2021 when the average export price increased by 2.9%. Over the period under review, the average export prices hit record highs at $3,412 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bangladesh ($1,205 per ton), while the average price for exports to Taiwan (Chinese) ($134 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 (+9.9%), while the prices for the other major destinations experienced a decline.

Imports of Poly(Lactic Acid); in Primary Forms in Malaysia

In 2022, the amount of poly(lactic acid); in primary formses imported into Malaysia reached 3.2K tons, picking up by 7% compared with 2021 figures. In general, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +23.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +88.4% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 83%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, poly(lactic acid); in primary forms imports rose to $4.3M in 2022. Over the period under review, imports saw a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 112% against the previous year. As a result, imports attained the peak of $4.5M. From 2021 to 2022, the growth of imports remained at a lower figure.

Top Suppliers of Poly(Lactic Acid); in Primary Forms to Malaysia in 2022:

1. Japan (501.9 tons)
2. United States (493.1 tons)
3. China (339.5 tons)
4. Germany (289.0 tons)
5. Taiwan (Chinese) (253.1 tons)
6. Bangladesh (215.7 tons)
7. France (211.9 tons)
8. Saudi Arabia (126.7 tons)
9. Australia (122.5 tons)
10. South Korea (102.9 tons)
11. Canada (94.2 tons)
12. Thailand (79.2 tons)
13. Hong Kong SAR (66.1 tons)

Exports of Poly(Lactic Acid); in Primary Forms in Malaysia

In 2022, exports of poly(lactic acid); in primary formses from Malaysia declined markedly to 354 tons, shrinking by -27.6% compared with the previous year's figure. In general, exports, however, saw a prominent increase. The growth pace was the most rapid in 2021 when exports increased by 271%. As a result, the exports reached the peak of 489 tons, and then reduced sharply in the following year.

In value terms, poly(lactic acid); in primary forms exports shrank significantly to $392K in 2022. Overall, exports, however, continue to indicate moderate growth. The growth pace was the most rapid in 2021 with an increase of 282% against the previous year. As a result, the exports attained the peak of $622K, and then reduced remarkably in the following year.

Top Export Markets for Poly(Lactic Acid); in Primary Forms from Malaysia in 2022:

1. Bangladesh (268.3 tons)
2. Pakistan (61.0 tons)
3. Taiwan (Chinese) (9.6 tons)
4. South Korea (7.8 tons)

Source: IndexBox Market Intelligence Platform