Malaysia: Market for Flax, Raw Or Retted 2022

Market Size for Flax, Raw Or Retted in Malaysia

The Malaysian flax, raw or retted market skyrocketed to $X in 2021, jumping by X% against the previous year. Overall, consumption showed a resilient expansion. Flax, raw or retted consumption peaked in 2021 and is expected to retain growth in the near future.

Production of Flax, Raw Or Retted in Malaysia

In value terms, flax, raw or retted production amounted to $X in 2021 estimated in export price. In general, production showed a significant decrease. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

The average yield of flax, raw or retted in Malaysia totaled less than X kg per ha in 2021, almost unchanged from the previous year's figure. Overall, the yield continues to indicate a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, the total area harvested in terms of flax, raw or retted production in Malaysia amounted to less than X ha, approximately mirroring the previous year. In general, the harvested area recorded a relatively flat trend pattern.

Exports of Flax, Raw Or Retted

Exports from Malaysia

In 2021, shipments abroad of flax, raw or retted decreased by X% to less than X kg, falling for the third year in a row after three years of growth. In general, exports continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, flax, raw or retted exports amounted to less than $X in 2021. Overall, exports showed a perceptible reduction. The pace of growth was the most pronounced in 2018 when exports increased by X%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Thailand (X tons) was the main destination for flax, raw or retted exports from Malaysia, accounting for a approx. X% share of total exports.

From 2012 to 2019, the average annual rate of growth in terms of volume to Thailand was relatively modest.

From 2012 to 2019, the average annual growth rate of value to Thailand was relatively modest.

Export Prices by Country

In 2019, the average flax, raw or retted export price amounted to $X per ton, standing approx. at the previous year. Overall, the export price saw measured growth. Over the period under review, the average export prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2019, the export prices stood at a somewhat lower figure.

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

From 2012 to 2019, the rate of growth in terms of prices for Thailand amounted to X% per year.

Imports of Flax, Raw Or Retted

Imports into Malaysia

In 2021, purchases abroad of flax, raw or retted decreased by -X% to X tons, falling for the second consecutive year after four years of growth. Overall, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when imports increased by X%. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, flax, raw or retted imports contracted significantly to $X in 2021. Over the period under review, imports, however, recorded a temperate increase. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest flax, raw or retted supplier to Malaysia, accounting for a X% share of total imports. Moreover, flax, raw or retted imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), sixfold.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +X%.

In value terms, China ($X) constituted the largest supplier of flax, raw or retted to Malaysia, comprising X% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China stood at +X%.

Import Prices by Country

In 2021, the average flax, raw or retted import price amounted to $X per ton, surging by less than X% against the previous year. Over the period under review, import price indicated moderate growth from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, flax, raw or retted import price increased by +X% against 2019 indices. The pace of growth was the most pronounced in 2015 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was China ($X per ton), while the price for Taiwan (Chinese) stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-X%).

Source: IndexBox Platform

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