Malaysia: Textile Tubing Market 2024

Textile Tubing Market Size in Malaysia

In 2022, the Malaysian textile tubing market decreased by -4.5% to $X, falling for the second consecutive year after two years of growth. In general, consumption, however, saw a resilient increase. Textile tubing consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Textile Tubing Production in Malaysia

In value terms, textile tubing production rose slightly to $X in 2022 estimated in export price. In general, production, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 123% against the previous year. Textile tubing production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Textile Tubing Exports

Exports from Malaysia

In 2022, overseas shipments of textile hosepiping and similar textile tubing increased by 11% to X tons, rising for the second year in a row after two years of decline. In general, exports, however, continue to indicate a drastic downturn. The growth pace was the most rapid in 2018 when exports increased by 228% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, textile tubing exports rose remarkably to $X in 2022. Overall, exports, however, showed a abrupt shrinkage. The growth pace was the most rapid in 2018 with an increase of 105%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Singapore (X tons), Vietnam (X tons) and Egypt (X tons) were the main destinations of textile tubing exports from Malaysia, with a combined 68% share of total exports. Bangladesh, Australia, Sri Lanka and the Philippines lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of +24.3%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Vietnam ($X), Egypt ($X) and Singapore ($X) were the largest markets for textile tubing exported from Malaysia worldwide, with a combined 49% share of total exports. Australia, Bangladesh, Sri Lanka and the Philippines lagged somewhat behind, together comprising a further 17%.

The Philippines, with a CAGR of +23.2%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average textile tubing export price amounted to $X per ton, dropping by -3% against the previous year. In general, export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, textile tubing export price decreased by -17.0% against 2020 indices. The pace of growth appeared the most rapid in 2020 when the average export price increased by 65% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a lower figure.

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 Vietnam ($X per ton), while the average price for exports to the Philippines ($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 Gabon (+33.5%), while the prices for the other major destinations experienced more modest paces of growth.

Textile Tubing Imports

Imports into Malaysia

In 2022, the amount of textile hosepiping and similar textile tubing imported into Malaysia declined to X tons, dropping by -3.4% compared with the year before. Over the period under review, imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2017 when imports increased by 25%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, textile tubing imports rose to $X in 2022. Overall, imports recorded a deep reduction. The growth pace was the most rapid in 2017 with an increase of 29%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest textile tubing supplier to Malaysia, with a 85% share of total imports. Moreover, textile tubing imports from China exceeded the figures recorded by the second-largest supplier, the UK (X tons), more than tenfold. India (X tons) ranked third in terms of total imports with a 2.9% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled -7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-14.5% per year) and India (-14.0% per year).

In value terms, China ($X) constituted the largest supplier of textile hosepiping and similar textile tubing to Malaysia, comprising 57% of total imports. The second position in the ranking was held by the UK ($X), with a 19% share of total imports. It was followed by the United States, with a 6.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at -3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+0.1% per year) and the United States (-6.8% per year).

Import Prices by Country

The average textile tubing import price stood at $X per ton in 2022, rising by 8.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.8%. The growth pace was the most rapid in 2013 an increase of 19%. Over the period under review, average import prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+17.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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