Malaysia: Market for High-Tenacity Filament Yarn Of Nylon Or Other Polyamides 2024

Market Size for High-Tenacity Filament Yarn Of Nylon Or Other Polyamides in Malaysia

The Malaysian high-tenacity filament nylon yarn market expanded markedly to $X in 2022, surging by 10% against the previous year. Over the period under review, consumption recorded a prominent expansion. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Production of High-Tenacity Filament Yarn Of Nylon Or Other Polyamides in Malaysia

In value terms, high-tenacity filament nylon yarn production expanded significantly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate prominent growth. The most prominent rate of growth was recorded in 2020 when the production volume increased by 67% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Exports of High-Tenacity Filament Yarn Of Nylon Or Other Polyamides

Exports from Malaysia

In 2022, after two years of decline, there was significant growth in overseas shipments of high-tenacity filament yarn of nylon or other polyamides, when their volume increased by 22% to X tons. Over the period under review, exports, however, showed a abrupt slump. The pace of growth was the most pronounced in 2019 when exports increased by 309% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, high-tenacity filament nylon yarn exports dropped modestly to $X in 2022. Overall, exports posted a noticeable expansion. The most prominent rate of growth was recorded in 2019 with an increase of 785%. Over the period under review, the exports hit record highs at $X in 2021, and then contracted modestly in the following year.

Exports by Country

Myanmar (X tons), Bangladesh (X tons) and Vietnam (X tons) were the main destinations of high-tenacity filament nylon yarn exports from Malaysia, with a combined 90% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Myanmar (with a CAGR of +45.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for high-tenacity filament nylon yarn exported from Malaysia were Bangladesh ($X), Myanmar ($X) and Vietnam ($X), with a combined 91% share of total exports.

Myanmar, with a CAGR of +45.9%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average high-tenacity filament nylon yarn export price stood at $X per ton in 2022, shrinking by -20.8% against the previous year. In general, the export price, however, continues to indicate strong growth. The most prominent rate of growth was recorded in 2019 when the average export price increased by 117%. The export price peaked at $X per ton in 2021, and then fell significantly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to Australia ($X 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 Indonesia (+31.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of High-Tenacity Filament Yarn Of Nylon Or Other Polyamides

Imports into Malaysia

In 2022, approx. X tons of high-tenacity filament yarn of nylon or other polyamides were imported into Malaysia; waning by -15.7% compared with the previous year. Over the period under review, total imports indicated a tangible expansion from 2012 to 2022: its volume increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -17.0% against 2019 indices. The pace of growth appeared the most rapid in 2019 when imports increased by 103% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, high-tenacity filament nylon yarn imports fell notably to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 81%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest high-tenacity filament nylon yarn supplier to Malaysia, with a 72% share of total imports. Moreover, high-tenacity filament nylon yarn imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), threefold. Thailand (X tons) ranked third in terms of total imports with a 1.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +53.8%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+1.2% per year) and Thailand (-24.4% per year).

In value terms, China ($X) constituted the largest supplier of high-tenacity filament yarn of nylon or other polyamides to Malaysia, comprising 72% of total imports. The second position in the ranking was taken by South Korea ($X), with a 21% share of total imports. It was followed by Taiwan (Chinese), with a 1.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +45.8%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-1.8% per year) and Taiwan (Chinese) (-20.4% per year).

Import Prices by Country

In 2022, the average high-tenacity filament nylon yarn import price amounted to $X per ton, remaining constant against the previous year. Overall, the import price, however, saw a pronounced contraction. The pace of growth was the most pronounced in 2018 an increase of 20% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Taiwan (Chinese) ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (-1.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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