Malaysia: Textile Flock Market 2024

Textile Flock Market Size in Malaysia

The Malaysian textile flock market expanded markedly to $X in 2022, rising by X% against the previous year. In general, consumption saw prominent growth. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Textile Flock Production in Malaysia

In value terms, textile flock production reached $X in 2022 estimated in export price. Overall, production posted a strong expansion. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% 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.

Textile Flock Exports

Exports from Malaysia

In 2022, the amount of textile flock and dust and mill neps exported from Malaysia declined to X tons, reducing by X% against the previous year's figure. Over the period under review, exports recorded a abrupt decline. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, textile flock exports expanded sharply to $X in 2022. In general, exports recorded a abrupt decrease. The pace of growth was the most pronounced in 2013 when exports increased by X%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Thailand (X tons) was the main destination for textile flock exports from Malaysia, accounting for a X% share of total exports. Moreover, textile flock exports to Thailand exceeded the volume sent to the second major destination, Brazil (X tons), fourfold. The third position in this ranking was held by Indonesia (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Thailand amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (X% per year) and Indonesia (X% per year).

In value terms, the largest markets for textile flock exported from Malaysia were Thailand ($X), Indonesia ($X) and Vietnam ($X), together accounting for X% of total exports.

Indonesia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of 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

In 2022, the average textile flock export price amounted to $X per ton, jumping by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

Textile Flock Imports

Imports into Malaysia

Textile flock imports into Malaysia contracted to X tons in 2022, which is down by X% on 2021. Overall, imports showed a noticeable downturn. The most prominent rate of growth was recorded in 2015 when imports increased by X%. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, textile flock imports shrank remarkably to $X in 2022. In general, imports, however, continue to indicate perceptible growth. The pace of growth appeared the most rapid in 2015 with an increase of X%. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Japan (X tons), China (X tons) and South Korea (X tons) were the main suppliers of textile flock imports to Malaysia, together accounting for X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), the Netherlands ($X) and South Korea ($X) constituted the largest textile flock suppliers to Malaysia, together accounting for X% of total imports.

South Korea, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average textile flock import price amounted to $X per ton, with a decrease of X% against the previous year. Overall, the import price, however, showed a prominent expansion. The pace of growth was the most pronounced in 2018 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2021, and then shrank in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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