Price for Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Malaysia - 2024
Contents:
- Price for Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Malaysia (CIF) - 2024
- Price for Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Malaysia (FOB) - 2022
- Imports of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Malaysia
- Exports of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Malaysia
Price for Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Malaysia (CIF) - 2024
The average import price for petroleum resins, coumarone, indene or coumarone-indene resins and polyterpenes; in primary formses stood at $1,549 per ton in January 2024, reducing by -12.3% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2023 an increase of 25% m-o-m. As a result, import price reached the peak level of $2,046 per ton. From August 2023 to January 2024, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was Taiwan (Chinese) ($9,262 per ton), while the price for China ($1,330 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+16.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Malaysia (FOB) - 2022
In 2022, the average export price for petroleum resins, coumarone, indene or coumarone-indene resins and polyterpenes; in primary formses amounted to $1,529 per ton, dropping by -28.4% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average export price increased by 20%. The export price peaked at $2,642 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($3,526 per ton), while the average price for exports to Hong Kong SAR ($175 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 Sri Lanka (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Malaysia
In 2022, approx. 21K tons of petroleum resins, coumarone, indene or coumarone-indene resins and polyterpenes; in primary formses were imported into Malaysia; shrinking by -23% on 2021. The total import volume increased at an average annual rate of +1.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 46% against the previous year. As a result, imports attained the peak of 27K tons, and then shrank significantly in the following year.
In value terms, imports of petroleum resins, coumarone, indene or coumarone-indene resins and polyterpenes; in primary formses reduced to $33M in 2022. Overall, imports continue to indicate a perceptible curtailment. The pace of growth was the most pronounced in 2021 with an increase of 35%. As a result, imports reached the peak of $39M, and then declined in the following year.
| Import of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 18.8 | 16.8 | 23.3 | 20.7 | 3.3% |
| South Korea | 3.7 | 3.3 | 4.9 | 4.0 | 2.6% |
| Taiwan (Chinese) | 3.8 | 2.8 | 3.9 | 3.6 | -1.8% |
| Japan | 3.5 | 1.1 | 1.0 | 1.0 | -34.1% |
| Thailand | 0.6 | 0.5 | 0.8 | 0.9 | 14.5% |
| United States | 0.8 | 0.7 | 1.0 | 0.8 | 0.0% |
| Singapore | 2.3 | 1.5 | 2.3 | 0.7 | -32.7% |
| Others | 2.1 | 2.0 | 1.7 | 1.4 | -12.6% |
| Total | 35.7 | 28.8 | 38.9 | 33.1 | -2.5% |
Top Suppliers of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms to Malaysia in 2022:
- China (14.6K tons)
- Taiwan (Chinese) (2.2K tons)
- South Korea (2.0K tons)
- Japan (0.5K tons)
- United States (0.4K tons)
- Singapore (0.3K tons)
- Thailand (0.3K tons)
Exports of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Malaysia
In 2022, after three years of growth, there was significant decline in shipments abroad of petroleum resins, coumarone, indene or coumarone-indene resins and polyterpenes; in primary formses, when their volume decreased by -50.1% to 1.3K tons. Over the period under review, exports, however, posted a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 116%.
In value terms, exports of petroleum resins, coumarone, indene or coumarone-indene resins and polyterpenes; in primary formses fell markedly to $2M in 2022. In general, exports, however, showed measured growth. The pace of growth was the most pronounced in 2020 with an increase of 129%.
| Export of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 121 | 650 | 1,186 | 882 | 93.9% |
| Indonesia | 495 | 926 | 822 | 221 | -23.6% |
| China | 160 | N/A | 1,310 | 203 | 8.3% |
| Thailand | 179 | 820 | 426 | 157 | -4.3% |
| India | 22.7 | 132 | 375 | 110 | 69.2% |
| Sri Lanka | 4.2 | N/A | 481 | 56.3 | 137.5% |
| Singapore | 559 | 778 | 64.2 | 51.9 | -54.7% |
| United States | 32.5 | 270 | 167 | 51.3 | 16.4% |
| France | 20.4 | 176 | 141 | 47.9 | 32.9% |
| Hong Kong SAR | 12.7 | N/A | N/A | 36.3 | 41.9% |
| Taiwan (Chinese) | 45.9 | 275 | 201 | 35.3 | -8.4% |
| Bangladesh | N/A | N/A | 177 | 26.6 | -85.0% |
| Others | 177 | 160 | 277 | 132 | -9.3% |
| Total | 1,828 | 4,188 | 5,627 | 2,011 | 3.2% |
Top Export Markets for Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms from Malaysia in 2022:
- Vietnam (632.8 tons)
- Hong Kong SAR (207.8 tons)
- China (127.9 tons)
- Indonesia (82.7 tons)
- Thailand (44.5 tons)
- India (42.5 tons)
- Singapore (29.9 tons)
- Sri Lanka (28.4 tons)
- Bangladesh (25.0 tons)
- Taiwan (Chinese) (16.0 tons)
- France (14.0 tons)
- United States (12.1 tons)
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