Price for Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Malaysia - 2023

Contents:

1. Price for Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Malaysia (CIF) - 2022
2. Price for Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Malaysia (FOB) - 2022
3. Imports of Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Malaysia
4. Exports of Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Malaysia

Price for Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Malaysia (CIF) - 2022

In 2022, the average import price for polymers, natural; alginic acid, its salts and esters, in primary formses amounted to $11,617 per ton, with an increase of 22% against the previous year. In general, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +3.0% 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 polymers, natural; alginic acid, its salts and esters, in primary formses decreased by -15.2% against 2018 indices. The most prominent rate of growth was recorded in 2018 an increase of 38%. The import price peaked at $15,360 per ton in 2014; however, from 2015 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 Japan ($27,591 per ton), while the price for Norway ($7,310 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Malaysia (FOB) - 2022

The average export price for polymers, natural; alginic acid, its salts and esters, in primary formses stood at $9,045 per ton in 2022, with an increase of 8.1% against the previous year. In general, the export price, however, continues to indicate a pronounced reduction. The pace of growth was the most pronounced in 2013 an increase of 55% against the previous year. As a result, the export price reached the peak level of $21,522 per ton. From 2014 to 2022, the average export prices remained at a lower figure.

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 Australia ($16,881 per ton), while the average price for exports to China ($2,857 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 Australia (+23.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Malaysia

In 2022, imports of polymers, natural; alginic acid, its salts and esters, in primary formses into Malaysia skyrocketed to 419 tons, rising by 21% against the previous year. In general, imports showed significant growth. The growth pace was the most rapid in 2021 with an increase of 123%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of polymers, natural; alginic acid, its salts and esters, in primary formses surged to $4.9M in 2022. Overall, imports saw significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 55%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in years to come.

Top Suppliers of Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms to Malaysia in 2022:

1. China (350.4 tons)
2. Japan (40.4 tons)
3. United Kingdom (6.4 tons)
4. France (2.2 tons)

Exports of Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Malaysia

In 2022, approx. 14 tons of polymers, natural; alginic acid, its salts and esters, in primary formses were exported from Malaysia; with a decrease of -22.7% against the year before. In general, exports showed a deep setback. The pace of growth was the most pronounced in 2021 when exports increased by 7.8% against the previous year.

In value terms, exports of polymers, natural; alginic acid, its salts and esters, in primary formses fell sharply to $126K in 2022. Over the period under review, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +6.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +30.9% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 57% against the previous year. As a result, the exports attained the peak of $151K, and then fell sharply in the following year.

Top Export Markets for Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms from Malaysia in 2022:

1. Australia (5.3 tons)
2. China (5.1 tons)
3. Singapore (3.5 tons)

Source: IndexBox Market Intelligence Platform