Commodity Market Report

Malaysia product markets 2021 outlook to 2050

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03 August 2021

Malaysia product markets 2021 outlook to 2050

Report summary

Malaysia had a small 16,000 b/d key product deficit in 2020, with gasoline showing a large deficit while all other products were in net surplus. The deficit is expected to increase to a 115,000 b/d in 2021 with the recovery of the economy. Gasoline will continue to see a significant deficit until the 2040s due to robust GDP growth while the diesel/gasoil surplus will increase up to 2050. Total oil product demand was severely hit and dropped to 639,000 b/d in 2020 (compared to 799,000 b/d in 2019). We forecast total oil demand will recover by 2022 and continue to grow to 948,000 b/d by the mid 2030s. Thereafter demand will decline with increasing electrification of its vehicle fleet.

Table of contents

Tables and charts

This report includes 11 images and tables including:

  • Road demand by fuel types
  • Total car parc (passenger vehicle stock)
  • Share of car parc by fuel type
  • Refinery capacity investments
  • Malaysia refineries
  • Refinery throughput and utilisation
  • Refinery yields
  • Non-refinery supply by products
  • Non-refinery supply by type
  • Historical net product trade
  • Product balances – all supply versus demand

What's included

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    Malaysia product markets 2021 outlook to 2050

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