Malaysia: Market for Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning 2024

Market Size for Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning in Malaysia

The Malaysian market for other synthetic tow and staple not carded, combed or otherwise processed for spinning skyrocketed to $X in 2021, with an increase of 18% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +2.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Exports of Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning

Exports from Malaysia

Exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning from Malaysia totaled X tons in 2021, growing by 4.8% on the previous year. Over the period under review, exports, however, showed a perceptible setback. The growth pace was the most rapid in 2013 with an increase of 226%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning surged to $X in 2021. Overall, exports, however, saw a abrupt shrinkage. The growth pace was the most rapid in 2016 when exports increased by 221% against the previous year. Over the period under review, the exports of reached the peak figure at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Brazil (X tons) was the main destination for exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning from Malaysia, accounting for a 75% share of total exports. Moreover, exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning to Brazil exceeded the volume sent to the second major destination, Colombia (X tons), fourfold. Thailand (X kg) ranked third in terms of total exports with a 4.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Brazil amounted to -5.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (0.0% per year) and Thailand (-26.5% per year).

In value terms, Brazil ($X) remains the key foreign market for other synthetic tow and staple not carded, combed or otherwise processed for spinning exports from Malaysia, comprising 75% of total exports. The second position in the ranking was taken by Colombia ($X), with an 18% share of total exports. It was followed by Thailand, with a 3.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Brazil stood at +24.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (0.0% per year) and Thailand (-29.3% per year).

Export Prices by Country

In 2021, the average export price for other synthetic tow and staple not carded, combed or otherwise processed for spinning amounted to $X per ton, with an increase of 20% against the previous year. Overall, the export price, however, showed a abrupt slump. The pace of growth was the most pronounced in 2016 an increase of 66% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2021, the highest price was recorded for prices to Colombia ($X per ton) and Brazil ($X per ton), while the average price for exports to Thailand ($X per ton) and Hong Kong SAR ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+32.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning

Imports into Malaysia

In 2021, imports of other synthetic tow and staple not carded, combed or otherwise processed for spinning into Malaysia amounted to X tons, picking up by 13% compared with the year before. The total import volume increased at an average annual rate of +3.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 with an increase of 16% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of other synthetic tow and staple not carded, combed or otherwise processed for spinning skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.4% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. Over the period under review, imports of reached the peak figure at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Taiwan (Chinese) (X tons) constituted the largest other synthetic tow and staple not carded, combed or otherwise processed for spinning supplier to Malaysia, with a 44% share of total imports. Moreover, imports of other synthetic tow and staple not carded, combed or otherwise processed for spinning from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, Thailand (X tons), twofold. Japan (X tons) ranked third in terms of total imports with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Taiwan (Chinese) amounted to +9.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+3.1% per year) and Japan (-3.5% per year).

In value terms, Taiwan (Chinese) ($X), Thailand ($X) and Japan ($X) constituted the largest other synthetic tow and staple not carded, combed or otherwise processed for spinning suppliers to Malaysia, with a combined 78% share of total imports. South Korea, China and Indonesia lagged somewhat behind, together comprising a further 19%.

Indonesia, with a CAGR of +33.3%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for other synthetic tow and staple not carded, combed or otherwise processed for spinning stood at $X per ton in 2021, growing by 5.5% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was China ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+19.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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