South-Eastern Asia: Market for Flax, Tow And Waste 2022

Market Size for Flax, Tow And Waste in South-Eastern Asia

The Southeast Asian flax, tow and waste market expanded markedly to $X in 2021, with an increase of X% against the previous year. The total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -X% against 2019 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Flax, Tow And Waste in South-Eastern Asia

In value terms, flax, tow and waste production dropped to $X in 2021 estimated in export price. Overall, production recorded a slight downturn. The growth pace was the most rapid in 2020 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

The countries with the highest volumes of flax, tow and waste production in 2021 were Vietnam (X tons), Thailand (X tons) and Malaysia (X tons), with a combined X% share of total production. The Philippines and Singapore lagged somewhat behind, together accounting for a further X 2012 to 2021, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by Singapore (with a CAGR of +X%), while production for the other leaders experienced more modest paces of growth.

Exports of Flax, Tow And Waste

Exports in South-Eastern Asia

In 2021, exports of flax, tow and waste in South-Eastern Asia reduced notably to X tons, declining by -X% compared with 2020. Over the period under review, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons, and then contracted notably in the following year.

In value terms, flax, tow and waste exports reduced sharply to $X in 2021. In general, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Vietnam dominates exports structure, reaching X tons, which was near X% of total exports in 2021. Singapore (X kg) took a relatively small share of total exports.

Vietnam was also the fastest-growing in terms of the flax, tow and waste exports, with a CAGR of -X% from 2012 to 2021. Singapore (-X%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Vietnam increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) remains the largest flax, tow and waste supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Singapore ($X), with an X% share of total exports.

In Vietnam, flax, tow and waste exports decreased by an average annual rate of -X% over the period from 2012-2021.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2021, growing by X% against the previous year. Overall, the export price, however, continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the the export prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Singapore ($X per ton), while Vietnam amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+X%).

Imports of Flax, Tow And Waste

Imports in South-Eastern Asia

Flax, tow and waste imports soared to X tons in 2021, jumping by X% compared with the year before. Overall, imports saw a prominent expansion. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, flax, tow and waste imports skyrocketed to $X in 2021. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. The level of import peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Thailand was the largest importing country with an import of about X tons, which reached X% of total imports. Malaysia (X tons) ranks second in terms of the total imports with a X% share, followed by Vietnam (X%). The Philippines (X tons) followed a long way behind the leaders.

Imports into Thailand increased at an average annual rate of +X% from 2012 to 2021. At the same time, Vietnam (+X%) and Malaysia (+X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +X% from 2012-2021. By contrast, the Philippines (-X%) illustrated a downward trend over the same period. While the share of Thailand (+X p.p.), Malaysia (+X p.p.) and Vietnam (+X p.p.) increased significantly in terms of the total imports from 2012-2021, the share of the Philippines (-X p.p.) displayed negative dynamics.

In value terms, Thailand ($X) constitutes the largest market for imported flax, tow and waste in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Malaysia ($X), with an X% share of total imports. It was followed by Vietnam, with a X% share.

In Thailand, flax, tow and waste imports expanded at an average annual rate of +X% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Malaysia (+X% per year) and Vietnam (+X% per year).

Import Prices by Country

In 2021, the import price in South-Eastern Asia amounted to $X per ton, with a decrease of -X% against the previous year. Overall, the import price recorded a deep downturn. The most prominent rate of growth was recorded in 2015 when the import price increased by X% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (-X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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