Malaysia: Argon Market 2024

Argon Market Size in Malaysia

The Malaysian argon market contracted to $X in 2022, shrinking by X% against the previous year. Over the period under review, consumption saw a perceptible shrinkage. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Argon Production in Malaysia

In value terms, argon production expanded to $X in 2022 estimated in export price. Over the period under review, production, however, showed a mild descent. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Argon Exports

Exports from Malaysia

For the fifth year in a row, Malaysia recorded growth in shipments abroad of argon, which increased by X% to X cubic meters in 2022. Overall, exports showed a buoyant expansion. The pace of growth appeared the most rapid in 2019 with an increase of X%. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, argon exports soared to $X in 2022. Over the period under review, exports recorded a prominent increase. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the near future.

Exports by Country

Thailand (X cubic meters), Singapore (X cubic meters) and Indonesia (X cubic meters) were the main destinations of argon exports from Malaysia, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Singapore (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for argon exported from Malaysia were Thailand ($X), Singapore ($X) and Indonesia ($X), with a combined X% share of total exports.

In terms of the main countries of destination, Singapore, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average argon export price amounted to $X per cubic meter, picking up by X% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable contraction. The growth pace was the most rapid in 2020 when the average export price increased by X%. The export price peaked at $X per cubic meter in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Singapore ($X per cubic meter) and Thailand ($X per cubic meter), while the average price for exports to Australia ($X per cubic meter) and Indonesia ($X per cubic meter) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (X%), while the prices for the other major destinations experienced a decline.

Argon Imports

Imports into Malaysia

In 2022, imports of argon into Malaysia soared to X cubic meters, growing by X% against the previous year. In general, imports, however, recorded a abrupt curtailment. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X cubic meters in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, argon imports surged to $X in 2022. Overall, imports, however, continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Singapore (X cubic meters) constituted the largest supplier of argon to Malaysia, with a X% share of total imports. Moreover, argon imports from Singapore exceeded the figures recorded by the second-largest supplier, China (X cubic meters), threefold. Japan (X cubic meters) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Singapore amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Japan (X% per year).

In value terms, Singapore ($X) constituted the largest supplier of argon to Malaysia, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Japan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Singapore amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Japan (X% per year).

Import Prices by Country

The average argon import price stood at $X per cubic meter in 2022, rising by X% against the previous year. Overall, the import price, however, saw a noticeable descent. The growth pace was the most rapid in 2021 when the average import price increased by X% against the previous year. The import price peaked at $X per cubic meter in 2012; however, from 2013 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 countries with the highest prices were the United States ($X per cubic meter) and Japan ($X per cubic meter), while the price for China ($X per cubic meter) and the UK ($X per cubic meter) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :