Malaysia: Market for High-Tenacity Filament Yarn Of Polyesters 2024

Market Size for High-Tenacity Filament Yarn Of Polyesters in Malaysia

In 2021, the Malaysian high-tenacity filament polyester yarn market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Overall, consumption, however, recorded a perceptible decline. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Exports of High-Tenacity Filament Yarn Of Polyesters

Exports from Malaysia

High-tenacity filament polyester yarn exports from Malaysia shrank sharply to X tons in 2021, falling by -50.2% against the previous year. Overall, exports saw a sharp downturn. The pace of growth appeared the most rapid in 2019 when exports increased by 169%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, high-tenacity filament polyester yarn exports shrank markedly to $X in 2021. Over the period under review, exports faced a dramatic shrinkage. The pace of growth was the most pronounced in 2019 when exports increased by 179%. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Indonesia (X tons) was the main destination for high-tenacity filament polyester yarn exports from Malaysia, accounting for a 60% share of total exports. Moreover, high-tenacity filament polyester yarn exports to Indonesia exceeded the volume sent to the second major destination, the United Arab Emirates (X kg), fourfold. Vietnam (X kg) ranked third in terms of total exports with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Indonesia stood at -22.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-33.3% per year) and Vietnam (-17.1% per year).

In value terms, Indonesia ($X) emerged as the key foreign market for high-tenacity filament yarn of polyesters exports from Malaysia, comprising 62% of total exports. The second position in the ranking was taken by the Philippines ($X), with a 27% share of total exports. It was followed by Vietnam, with a 6.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Indonesia totaled -20.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (-32.7% per year) and Vietnam (-14.1% per year).

Export Prices by Country

The average high-tenacity filament polyester yarn export price stood at $X per ton in 2021, with an increase of 61% against the previous year. In general, the export price posted a resilient expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was the Philippines ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+26.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of High-Tenacity Filament Yarn Of Polyesters

Imports into Malaysia

In 2021, supplies from abroad of high-tenacity filament yarn of polyesters increased by 87% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, total imports indicated a slight expansion from 2012 to 2021: its volume increased at an average annual rate of +1.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +88.3% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, high-tenacity filament polyester yarn imports soared to $X in 2021. In general, imports, however, recorded a abrupt decline. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of high-tenacity filament polyester yarn to Malaysia, with a 87% share of total imports. Moreover, high-tenacity filament polyester yarn imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), tenfold. The third position in this ranking was held by Thailand (X tons), with a 2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-7.3% per year) and Thailand (-4.3% per year).

In value terms, China ($X) constituted the largest supplier of high-tenacity filament yarn of polyesters to Malaysia, comprising 77% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 14% share of total imports. It was followed by Thailand, with a 3.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to -1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-10.3% per year) and Thailand (-6.2% per year).

Import Prices by Country

In 2021, the average high-tenacity filament polyester yarn import price amounted to $X per ton, dropping by -5.6% against the previous year. Overall, the import price continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2018 when the average import price increased by 31%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was South Korea ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (-1.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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