Carbonates; Strontium Carbonate Price in Malaysia - 2021

Carbonates; Strontium Carbonate Price in Malaysia (CIF) - 2022

The average carbonates; strontium carbonate import price stood at $720 per ton in 2022, with a decrease of -19.5% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 40% against the previous year. As a result, import price reached the peak level of $895 per ton, and then dropped remarkably in the following year.

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 Germany ($12,617 per ton), while the price for South Korea ($331 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+35.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Carbonates; Strontium Carbonate Price in Malaysia (FOB) - 2022

In 2022, the average carbonates; strontium carbonate export price amounted to $1,031 per ton, shrinking by -4.2% against the previous year. In general, the export price showed a deep contraction. The most prominent rate of growth was recorded in 2021 an increase of 15% against the previous year. Over the period under review, the average export prices reached the peak figure at $2,282 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Singapore.

From 2012 to 2022, the rate of growth in terms of prices for Singapore amounted to -6.4% per year.

Carbonates; Strontium Carbonate Imports in Malaysia

Carbonates; strontium carbonate imports into Malaysia declined to 46 tons in 2022, with a decrease of -12.7% on the previous year. In general, imports showed a deep contraction. The pace of growth was the most pronounced in 2021 when imports increased by 76% against the previous year.

In value terms, carbonates; strontium carbonate imports contracted dramatically to $33K in 2022. Over the period under review, imports continue to indicate a perceptible reduction. The pace of growth appeared the most rapid in 2021 with an increase of 147%. As a result, imports attained the peak of $47K, and then reduced dramatically in the following year.

Import of Carbonates; Strontium Carbonate in Malaysia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	11.5	6.8	17.2	13.5	5.5%
Mexico	20.4	9.6	19.4	12.2	-15.7%
China	2.6	1.8	9.4	6.2	33.6%
Others	2.1	0.7	0.8	1.0	-21.9%
Total	36.6	19.0	46.8	32.9	-3.5%

Top Suppliers of Carbonates; Strontium Carbonate to Malaysia in 2022:

United States (22.5 tons)
Mexico (20.3 tons)
China (2.6 tons)

Carbonates; Strontium Carbonate Exports in Malaysia

In 2022, shipments abroad of carbonates; strontium carbonates decreased by -26.5% to 116 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, posted significant growth. The pace of growth was the most pronounced in 2021 with an increase of 113% against the previous year. As a result, the exports reached the peak of 158 tons, and then declined significantly in the following year.

In value terms, carbonates; strontium carbonate exports fell sharply to $120K in 2022. Overall, exports, however, showed a significant increase. The growth pace was the most rapid in 2021 when exports increased by 145% against the previous year. As a result, the exports reached the peak of $170K, and then dropped remarkably in the following year.