Malaysia: Market for Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning 2024

Market Size for Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning in Malaysia

In 2021, the Malaysian market for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning was finally on the rise to reach $X after two years of decline. In general, consumption showed a deep contraction. Consumption of peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning in Malaysia

In value terms, production of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning expanded notably to $X in 2021 estimated in export price. Overall, production continues to indicate a noticeable setback. The most prominent rate of growth was recorded in 2018 when the production volume increased by 53%. Over the period under review, production of hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning

Exports from Malaysia

In 2021, the amount of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning exported from Malaysia skyrocketed to X tons, rising by 1,672% compared with 2020. Overall, exports saw a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning surged to $X in 2021. Over the period under review, exports showed a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Indonesia (X tons), Vietnam (X tons) and Singapore (X tons) were the main destinations of exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning from Malaysia.

From 2012 to 2021, the biggest increases were recorded for Indonesia (with a CAGR of +56.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X) emerged as the key foreign market for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning exports from Malaysia, comprising 59% of total exports. The second position in the ranking was held by Vietnam ($X), with a 29% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Indonesia stood at +56.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+40.0% per year) and Singapore (+40.0% per year).

Export Prices by Country

The average export price for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning stood at $X per ton in 2021, increasing by 7.3% against the previous year. Over the period under review, the export price saw a temperate increase. The pace of growth appeared the most rapid in 2018 an increase of 105%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to Singapore ($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 Cambodia (+42.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning

Imports into Malaysia

In 2021, supplies from abroad of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning increased by 2.2% to X tons for the first time since 2017, thus ending a three-year declining trend. Overall, imports, however, showed a deep contraction. The most prominent rate of growth was recorded in 2015 when imports increased by 27%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning shrank significantly to $X in 2021. In general, imports, however, continue to indicate a deep slump. The growth pace was the most rapid in 2017 when imports increased by 46% against the previous year. Over the period under review, imports of hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), Belgium (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning to Malaysia, with a combined 72% share of total imports. These countries were followed by the United States, South Korea, Saudi Arabia and Vietnam, which together accounted for a further 22%.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +46.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Belgium ($X) constituted the largest polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning suppliers to Malaysia, together accounting for 75% of total imports. Taiwan (Chinese), South Korea, Saudi Arabia and Vietnam lagged somewhat behind, together accounting for a further 18%.

In terms of the main suppliers, Vietnam, with a CAGR of +46.1%, saw the highest rates of growth with regard to the value of imports, 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 polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning stood at $X per ton in 2021, declining by -23.3% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 21% against the previous year. The import price peaked at $X per ton in 2020, and then declined significantly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+6.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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