Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Malaysia - 2024
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Malaysia (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Malaysia (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Malaysia
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Malaysia
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Malaysia (CIF) - 2022
In 2022, the average import price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses amounted to $944 per ton, surging by 26% against the previous year. In general, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses increased by +89.7% against 2019 indices. The pace of growth appeared the most rapid in 2020 when the average import price increased by 84%. The import price peaked at $1,039 per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($956 per ton), while the price for the Netherlands totaled $871 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Malaysia (FOB) - 2022
In 2022, the average export price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses amounted to $1,306 per ton, jumping by 63% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average export price increased by 138%. Over the period under review, the average export prices reached the peak figure at $1,412 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($1,701 per ton), while the average price for exports to Singapore ($1,053 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 Indonesia (+47.2%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Malaysia
In 2022, overseas purchases of acids; saturated acyclic monocarboxylic acids; salts of formic acidses were finally on the rise to reach 4.8K tons after two years of decline. In general, imports, however, continue to indicate a abrupt descent.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses soared to $4.6M in 2022. Over the period under review, imports recorded a resilient expansion.
Import of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Malaysia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 1,020 | 626 | 466 | 1,694 | 18.4% |
Netherlands | 149 | 394 | 265 | 535 | 53.1% |
Hong Kong SAR | 182 | N/A | N/A | N/A | 0% |
United States | N/A | 1,226 | N/A | N/A | 0% |
Others | 1,485 | 2,392 | 771 | 2,327 | 16.2% |
Total | 2,836 | 4,638 | 1,501 | 4,555 | 17.1% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids to Malaysia in 2022:
- China (1.8K tons)
- Netherlands (0.6K tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Malaysia
In 2022, approx. 97 tons of acids; saturated acyclic monocarboxylic acids; salts of formic acidses were exported from Malaysia; with an increase of 10% on the previous year's figure. Over the period under review, exports, however, recorded a abrupt downturn.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses skyrocketed to $127K in 2022. Overall, exports, however, continue to indicate a deep setback.
Export of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Malaysia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Taiwan (Chinese) | N/A | 14.1 | N/A | 36.1 | 60.0% |
Japan | N/A | N/A | N/A | 20.4 | 0% |
Singapore | 4.3 | N/A | N/A | 6.8 | 16.5% |
Vietnam | N/A | N/A | 24.3 | N/A | 0% |
United States | N/A | 24.4 | N/A | N/A | 0% |
Indonesia | 87.8 | 1.7 | N/A | N/A | -98.1% |
Australia | N/A | N/A | 10.9 | N/A | 0% |
Others | 92.1 | 58.4 | 35.2 | 63.3 | -11.8% |
Total | 184 | 98.7 | 70.5 | 127 | -11.6% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids from Malaysia in 2022:
- Taiwan (Chinese) (30.0 tons)
- Japan (12.0 tons)
- Singapore (6.5 tons)
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