Price for Carbides, Whether or Not Chemically Defined in Malaysia - 2023
Contents:
- Price for Carbides, Whether or Not Chemically Defined in Malaysia (CIF) - 2023
- Price for Carbides, Whether or Not Chemically Defined in Malaysia (FOB) - 2022
- Imports of Carbides, Whether or Not Chemically Defined in Malaysia
- Exports of Carbides, Whether or Not Chemically Defined in Malaysia
Price for Carbides, Whether or Not Chemically Defined in Malaysia (CIF) - 2023
The average import price for carbides, whether or not chemically defineds stood at $2,112 per ton in December 2023, standing approximately at the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 an increase of 76% against the previous month. The import price peaked at $2,824 per ton in January 2023; however, from February 2023 to December 2023, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From December 2022 to December 2023, the rate of growth in terms of prices for China amounted to -0.8% per month.
Price for Carbides, Whether or Not Chemically Defined in Malaysia (FOB) - 2022
In 2022, the average export price for carbides, whether or not chemically defineds amounted to $1,159 per ton, growing by 3.6% against the previous year. Overall, export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for carbides, whether or not chemically defineds increased by +63.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of 58% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to continue growth in years to come.
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 the Philippines ($1,910 per ton), while the average price for exports to Vietnam ($89 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 the Philippines (+11.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Carbides, Whether or Not Chemically Defined in Malaysia
Imports of carbides, whether or not chemically defineds into Malaysia soared to 21K tons in 2022, growing by 230% compared with 2021. In general, imports saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of carbides, whether or not chemically defineds skyrocketed to $23M in 2022. Over the period under review, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Carbides, Whether or Not Chemically Defined in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.5 | 4.0 | 4.2 | 18.8 | 75.1% |
| Japan | 1.4 | 1.2 | 2.0 | 2.4 | 19.7% |
| Vietnam | 0.4 | 0.5 | 0.6 | 0.6 | 14.5% |
| Singapore | 0.2 | 0.1 | 0.1 | N/A | -29.3% |
| Others | 1.6 | 1.5 | 1.7 | 1.2 | -9.1% |
| Total | 7.2 | 7.3 | 8.6 | 23.1 | 47.5% |
Top Suppliers of Carbides, Whether or Not Chemically Defined to Malaysia in 2022:
- China (19.7K tons)
- Japan (0.3K tons)
- Vietnam (0.3K tons)
- Singapore (0.1K tons)
Exports of Carbides, Whether or Not Chemically Defined in Malaysia
In 2022, approx. 427 tons of carbides, whether or not chemically defineds were exported from Malaysia; with a decrease of -60.3% compared with the previous year's figure. Overall, exports recorded a dramatic descent. The smallest decline of -48.8% was in 2021.
In value terms, exports of carbides, whether or not chemically defineds declined rapidly to $495K in 2022. Over the period under review, exports recorded a dramatic setback. The smallest decline of -19.3% was in 2021.
| Export of Carbides, Whether or Not Chemically Defined in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 1,848 | 609 | 202 | 174 | -54.5% |
| Indonesia | 473 | 68.0 | 514 | 105 | -39.5% |
| Philippines | 74.1 | 17.7 | 183 | 93.6 | 8.1% |
| Taiwan (Chinese) | 42.6 | 22.2 | 147 | 47.7 | 3.8% |
| Papua New Guinea | 158 | 17.9 | 51.3 | 31.0 | -41.9% |
| Japan | 5.3 | 23.7 | 12.6 | 10.1 | 24.0% |
| Vietnam | 5.9 | 1.7 | N/A | 1.7 | -34.0% |
| Mozambique | 178 | 39.3 | N/A | N/A | -77.9% |
| Brunei Darussalam | 243 | N/A | N/A | N/A | 0% |
| South Africa | 2,160 | 392 | N/A | N/A | -81.9% |
| Bangladesh | 193 | 49.8 | 35.2 | N/A | -57.3% |
| Australia | 1,078 | 66.3 | N/A | N/A | -93.8% |
| Others | 412 | 183 | 56.1 | 31.8 | -57.4% |
| Total | 6,870 | 1,491 | 1,203 | 495 | -58.4% |
Top Export Markets for Carbides, Whether or Not Chemically Defined from Malaysia in 2022:
- Singapore (182.3 tons)
- Indonesia (86.5 tons)
- Philippines (49.0 tons)
- Taiwan (Chinese) (42.9 tons)
- Papua New Guinea (21.4 tons)
- Vietnam (19.2 tons)
- Japan (13.0 tons)
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