Price for Woven Fabrics of Artificial Staple Fibres in Malaysia - 2024
Contents:
- Price for Woven Fabrics of Artificial Staple Fibres in Malaysia (CIF) - 2024
- Price for Woven Fabrics of Artificial Staple Fibres in Malaysia (FOB) - 2022
- Imports of Woven Fabrics of Artificial Staple Fibres in Malaysia
- Exports of Woven Fabrics of Artificial Staple Fibres in Malaysia
Price for Woven Fabrics of Artificial Staple Fibres in Malaysia (CIF) - 2024
In January 2024, the average import price for woven fabrics of artificial staple fibres amounted to $495 per thousand square meters, reducing by -14.8% against the previous month. Over the period under review, the import price showed a perceptible descent. The most prominent rate of growth was recorded in April 2023 an increase of 94% m-o-m. Over the period under review, average import prices hit record highs at $987 per thousand square meters in February 2023; however, from March 2023 to January 2024, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was Indonesia ($2.3 per square meter), while the price for Thailand ($174 per thousand square meters) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+147.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Woven Fabrics of Artificial Staple Fibres in Malaysia (FOB) - 2022
In 2022, the average export price for woven fabrics of artificial staple fibres amounted to $2.4 per square meter, therefore, remained relatively stable against the previous year. Over the period under review, the export price recorded a abrupt decline. The most prominent rate of growth was recorded in 2016 when the average export price increased by 87%. As a result, the export price reached the peak level of $13 per square meter. From 2017 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Egypt ($18 per square meter), while the average price for exports to India ($1.4 per square meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+11.3%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Woven Fabrics of Artificial Staple Fibres in Malaysia
After three years of growth, purchases abroad of woven fabrics of artificial staple fibres decreased by -18.8% to 2.9M square meters in 2022. Overall, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 152%. Imports peaked at 3.6M square meters in 2021, and then declined notably in the following year.
In value terms, imports of woven fabrics of artificial staple fibres declined significantly to $19M in 2022. Over the period under review, imports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 208% against the previous year. Over the period under review, imports of reached the peak figure at $23M in 2021, and then dropped sharply in the following year.
| Import of Woven Fabrics of Artificial Staple Fibres in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.8 | 7.8 | 10.1 | 8.1 | 65.1% |
| Indonesia | 1.7 | 3.0 | 6.9 | 5.0 | 43.3% |
| Pakistan | 0.3 | 0.8 | 1.7 | 1.3 | 63.0% |
| Hong Kong SAR | 0.1 | 0.4 | 0.8 | 0.6 | 81.7% |
| Turkey | 0.1 | 0.1 | 0.7 | 0.5 | 71.0% |
| India | N/A | 0.8 | 0.2 | 0.5 | -20.9% |
| Taiwan (Chinese) | 0.2 | 0.1 | 0.6 | 0.4 | 26.0% |
| Thailand | 0.1 | N/A | 0.3 | 0.2 | 26.0% |
| Others | 0.3 | 0.8 | 2.1 | 2.1 | 91.3% |
| Total | 4.5 | 14.0 | 23.4 | 18.7 | 60.8% |
Top Suppliers of Woven Fabrics of Artificial Staple Fibres to Malaysia in 2022:
- China (1824.9K square meters)
- Indonesia (740.9K square meters)
- Thailand (69.9K square meters)
- Turkey (65.4K square meters)
- Hong Kong SAR (60.9K square meters)
- Pakistan (52.8K square meters)
- Taiwan (Chinese) (48.7K square meters)
- India (40.4K square meters)
Exports of Woven Fabrics of Artificial Staple Fibres in Malaysia
In 2022, approx. 1.3M square meters of woven fabrics of artificial staple fibres were exported from Malaysia; growing by 19% against the previous year. Over the period under review, exports showed significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 433% against the previous year. As a result, the exports reached the peak of 1.5M square meters. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of woven fabrics of artificial staple fibres skyrocketed to $3M in 2022. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 136% against the previous year. As a result, the exports reached the peak of $3.4M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Woven Fabrics of Artificial Staple Fibres in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 167 | 1,454 | 1,314 | 1,141 | 89.8% |
| Indonesia | N/A | N/A | N/A | 624 | 0% |
| Oman | 793 | 1,102 | 524 | 542 | -11.9% |
| Turkey | 20.0 | 63.3 | 163 | 237 | 128.0% |
| India | 76.3 | 86.6 | 59.2 | 51.4 | -12.3% |
| Philippines | 45.9 | 30.9 | 52.0 | 45.1 | -0.6% |
| Others | 354 | 699 | 388 | 327 | -2.6% |
| Total | 1,456 | 3,436 | 2,500 | 2,968 | 26.8% |
Top Export Markets for Woven Fabrics of Artificial Staple Fibres from Malaysia in 2022:
- United States (581.7K square meters)
- Indonesia (362.9K square meters)
- Oman (115.9K square meters)
- Turkey (43.7K square meters)
- India (37.8K square meters)
- Philippines (20.9K square meters)
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