Price for Waste, Parings and Scrap, of Plastics in Malaysia - 2023
Contents:
- Price for Waste, Parings and Scrap, of Plastics in Malaysia (CIF) - 2022
- Price for Waste, Parings and Scrap, of Plastics in Malaysia (FOB) - 2022
- Imports of Waste, Parings and Scrap, of Plastics in Malaysia
- Exports of Waste, Parings and Scrap, of Plastics in Malaysia
Price for Waste, Parings and Scrap, of Plastics in Malaysia (CIF) - 2022
The average import price for waste, parings and scrap, of plasticses stood at $489 per ton in 2022, with an increase of 17% against the previous year. Overall, the import price saw a tangible expansion. The pace of growth was the most pronounced in 2019 an increase of 34%. The import price peaked in 2022 and is likely to see steady growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($616 per ton), while the price for Spain ($257 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Waste, Parings and Scrap, of Plastics in Malaysia (FOB) - 2022
The average export price for waste, parings and scrap, of plasticses stood at $611 per ton in 2022, increasing by 17% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The export price peaked at $653 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($836 per ton), while the average price for exports to Singapore ($264 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 Thailand (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Waste, Parings and Scrap, of Plastics in Malaysia
In 2022, overseas purchases of waste, parings and scrap, of plasticses decreased by -12.8% to 354K tons, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +2.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 43% against the previous year. As a result, imports attained the peak of 478K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of waste, parings and scrap, of plasticses stood at $173M in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +16.3% 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 +57.4% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 52% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.
| Import of Waste, Parings and Scrap, of Plastics in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 22.2 | 47.1 | 53.4 | 43.1 | 24.8% |
| Netherlands | 5.7 | 13.3 | 30.6 | 23.5 | 60.3% |
| Japan | 17.9 | 17.8 | 17.0 | 20.9 | 5.3% |
| Germany | 14.8 | 15.3 | 8.4 | 16.0 | 2.6% |
| Australia | 7.2 | 11.2 | 12.6 | 10.1 | 11.9% |
| Belgium | 6.2 | 11.8 | 8.9 | 9.0 | 13.2% |
| Canada | 2.7 | 5.1 | 6.2 | 8.0 | 43.6% |
| Spain | 2.8 | 4.8 | 5.4 | 7.7 | 40.1% |
| Singapore | 2.7 | 2.7 | 4.1 | 7.6 | 41.2% |
| United Kingdom | 12.3 | 16.6 | 5.7 | 5.3 | -24.5% |
| Hong Kong SAR | 3.4 | 3.3 | 1.1 | 4.0 | 5.6% |
| Mexico | 1.0 | 1.5 | 3.7 | 3.0 | 44.2% |
| Slovenia | 3.4 | 5.8 | 1.6 | 1.3 | -27.4% |
| Others | 8.0 | 10.9 | 11.3 | 13.8 | 19.9% |
| Total | 110 | 167 | 170 | 173 | 16.3% |
Top Suppliers of Waste, Parings and Scrap, of Plastics to Malaysia in 2022:
- United States (82.5K tons)
- Netherlands (46.6K tons)
- Japan (33.9K tons)
- Germany (31.7K tons)
- Spain (29.8K tons)
- Australia (19.9K tons)
- Belgium (18.4K tons)
- Canada (16.9K tons)
- Singapore (13.8K tons)
- United Kingdom (10.9K tons)
- Hong Kong SAR (8.6K tons)
- Mexico (5.9K tons)
- Slovenia (5.2K tons)
Exports of Waste, Parings and Scrap, of Plastics in Malaysia
In 2022, the amount of waste, parings and scrap, of plasticses exported from Malaysia shrank sharply to 17K tons, declining by -21.6% compared with the previous year's figure. Over the period under review, exports showed a precipitous decrease. The pace of growth was the most pronounced in 2021 with an increase of 12% against the previous year.
In value terms, exports of waste, parings and scrap, of plasticses reduced to $10M in 2022. In general, exports recorded a precipitous curtailment. The pace of growth appeared the most rapid in 2021 when exports increased by 26% against the previous year.
| Export of Waste, Parings and Scrap, of Plastics in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 1.8 | 1.3 | 2.8 | 4.1 | 31.6% |
| India | 3.8 | 1.1 | 0.8 | 1.6 | -25.0% |
| Thailand | 1.7 | 1.2 | 1.3 | 0.9 | -19.1% |
| Bangladesh | 0.3 | 0.1 | 0.2 | 0.5 | 18.6% |
| Taiwan (Chinese) | 0.4 | 0.4 | 2.3 | 0.5 | 7.7% |
| Indonesia | 5.6 | 2.7 | 1.3 | 0.4 | -58.5% |
| United States | 0.9 | 0.3 | 0.9 | 0.3 | -30.7% |
| Singapore | 0.2 | 0.1 | 0.2 | 0.2 | 0.0% |
| China | 3.2 | 0.7 | 0.1 | N/A | -82.3% |
| Others | 3.3 | 0.9 | 1.2 | 1.8 | -18.3% |
| Total | 21.3 | 8.8 | 11.1 | 10.2 | -21.8% |
Top Export Markets for Waste, Parings and Scrap, of Plastics from Malaysia in 2022:
- Vietnam (6.3K tons)
- India (2.2K tons)
- Thailand (1.9K tons)
- Indonesia (1.3K tons)
- Bangladesh (1.2K tons)
- Singapore (0.9K tons)
- Taiwan (Chinese) (0.7K tons)
- United States (0.5K tons)
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