Flax Yarn Price in Malaysia - 2022
Contents:
- Flax Yarn Price in Malaysia (FOB) - 2022
- Flax Yarn Price in Malaysia (CIF) - 2022
- Flax Yarn Exports in Malaysia
- Flax Yarn Imports in Malaysia
Flax Yarn Price in Malaysia (FOB) - 2022
The average flax yarn export price stood at $11,379 per ton in 2022, growing by 55% against the previous year. In general, the export price, however, recorded a perceptible curtailment. The pace of growth was the most pronounced in 2020 when the average export price increased by 75%. The export price peaked at $16,322 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for India.
From 2012 to 2022, the rate of growth in terms of prices for the Philippines amounted to +38.9% per year.
Flax Yarn Price in Malaysia (CIF) - 2022
The average flax yarn import price stood at $10,030 per ton in 2022, with a decrease of -30.8% against the previous year. In general, the import price, however, recorded a perceptible increase. The most prominent rate of growth was recorded in 2013 an increase of 269%. As a result, import price attained the peak level of $24,716 per ton. From 2014 to 2022, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +5.1% per year.
Flax Yarn Exports in Malaysia
In 2022, flax yarn exports from Malaysia soared to 12 tons, growing by 96% on the year before. Over the period under review, exports, however, showed a precipitous contraction.
In value terms, flax yarn exports surged to $137K in 2022. Overall, exports recorded a buoyant increase.
| Export of Flax Yarn in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 112 | 36.8 | 30.6 | 137 | 6.9% |
| Singapore | N/A | 6.3 | 13.4 | N/A | 112.7% |
| Philippines | N/A | 187 | N/A | N/A | 0% |
| Others | N/A | N/A | 1.0 | N/A | 0% |
| Total | 112 | 230 | 45.0 | 137 | 6.9% |
Top Export Markets for Flax Yarn from Malaysia in 2022:
- India (12.1 tons)
Flax Yarn Imports in Malaysia
In 2022, approx. 7.5 tons of flax yarns were imported into Malaysia; surging by 156% compared with 2021 figures. In general, imports recorded significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 3,966%. As a result, imports attained the peak of 12 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, flax yarn imports soared to $75K in 2022. Over the period under review, imports showed significant growth. The growth pace was the most rapid in 2020 with an increase of 2,618%. As a result, imports attained the peak of $108K. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Flax Yarn in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.0 | 100 | 31.3 | 69.9 | 159.5% |
| Others | N/A | 8.0 | 11.3 | 5.5 | -17.1% |
| Total | 4.0 | 108 | 42.5 | 75.4 | 166.1% |
Top Suppliers of Flax Yarn to Malaysia in 2022:
- China (7.5 tons)
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