Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Malaysia - 2024
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Malaysia (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Malaysia (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Malaysia
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Malaysia
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Malaysia (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; esters of formic acids stood at $8,733 per ton in 2022, growing by 3.5% against the previous year. Over the period under review, the import price continues to indicate a significant expansion. The pace of growth appeared the most rapid in 2013 when the average import price increased by 480%. Over the period under review, average import prices hit record highs at $9,271 per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat 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 Spain ($18,383 per ton), while the price for Japan ($6,267 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+27.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Malaysia (FOB) - 2022
In 2022, the average export price for acids; saturated acyclic monocarboxylic acids; esters of formic acids amounted to $1,517 per ton, dropping by -33.9% against the previous year. Over the period under review, the export price continues to indicate a deep slump. The most prominent rate of growth was recorded in 2014 when the average export price increased by 97%. The export price peaked at $2,795 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($2,020 per ton), while the average price for exports to Brunei Darussalam stood at $1,261 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+9.5%), while the prices for the other major destinations experienced a decline.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Malaysia
In 2022, purchases abroad of acids; saturated acyclic monocarboxylic acids; esters of formic acids increased by 38% to 15 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a sharp shrinkage.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; esters of formic acids soared to $130K in 2022. Overall, imports, however, showed a abrupt setback.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 90.1 | 46.3 | 45.3 | 56.0 | -14.7% |
| Belgium | N/A | N/A | N/A | 31.2 | 0% |
| Singapore | N/A | 37.4 | N/A | 13.1 | -40.8% |
| United Kingdom | 3.4 | 32.5 | N/A | 10.5 | 45.6% |
| Netherlands | 43.5 | 36.4 | 36.9 | 7.9 | -43.4% |
| Spain | 4.9 | 9.1 | 6.9 | 7.4 | 14.7% |
| China | 52.1 | 26.4 | 2.1 | N/A | -79.9% |
| United States | 37.7 | N/A | N/A | N/A | 0% |
| Others | 11.5 | N/A | N/A | 4.4 | -27.4% |
| Total | 243 | 188 | 91.2 | 130 | -18.8% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid to Malaysia in 2022:
- Japan (8.9 tons)
- Belgium (2.3 tons)
- Singapore (1.6 tons)
- United Kingdom (1.1 tons)
- Netherlands (0.6 tons)
- Spain (0.4 tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Malaysia
In 2022, approx. 20 tons of acids; saturated acyclic monocarboxylic acids; esters of formic acids were exported from Malaysia; with an increase of 585% against the previous year's figure. In general, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; esters of formic acids surged to $30K in 2022. Over the period under review, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| Brunei Darussalam | 2.6 | 16.6 | 538.5% | ||
| Singapore | 4.1 | 13.6 | 231.7% | ||
| Others | N/A | N/A | 0% | ||
| Total | 6.7 | 30.2 | 350.7% | ||
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid from Malaysia in 2022:
- Brunei Darussalam (13.2 tons)
- Singapore (6.7 tons)
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