Price for Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Malaysia - 2024

Contents:

1. Price for Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Malaysia (FOB) - 2022
2. Price for Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Malaysia (CIF) - 2024
3. Exports of Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Malaysia
4. Imports of Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Malaysia

Price for Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Malaysia (FOB) - 2022

The average export price for twine, cordage or rope; knotted netting, of other than man-made textileses stood at $3,673 per ton in 2022, increasing by 7.3% against the previous year. In general, the export price, however, showed a pronounced reduction. The most prominent rate of growth was recorded in 2018 an increase of 14% against the previous year. Over the period under review, the average export prices reached the maximum at $5,715 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 Denmark ($7,270 per ton), while the average price for exports to Thailand ($2,642 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 Singapore (+0.7%), while the prices for the other major destinations experienced a decline.

Price for Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Malaysia (CIF) - 2024

The average import price for twine, cordage or rope; knotted netting, of other than man-made textileses stood at $2,300 per ton in April 2024, growing by 49% against the previous month. Overall, the import price, however, saw a mild descent. The import price peaked at $3,650 per ton in June 2023; however, from July 2023 to April 2024, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In April 2024, the country with the highest price was Thailand ($2,949 per ton), while the price for China totaled $2,175 per ton.

From April 2023 to April 2024, the most notable rate of growth in terms of prices was attained by Thailand (+6.1%), while the prices for the other major suppliers experienced a decline.

Exports of Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Malaysia

In 2022, exports of twine, cordage or rope; knotted netting, of other than man-made textileses from Malaysia contracted to 1.4K tons, reducing by -6.4% against 2021 figures. The total export volume increased at an average annual rate of +8.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 41%. As a result, the exports attained the peak of 1.5K tons, and then contracted in the following year.

In value terms, exports of twine, cordage or rope; knotted netting, of other than man-made textileses amounted to $5.3M in 2022. Overall, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +11.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +44.9% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 44%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to continue growth in the immediate term.

Top Export Markets for Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles from Malaysia in 2022:

1. Indonesia (502.3 tons)
2. Australia (466.8 tons)
3. Thailand (113.1 tons)
4. New Zealand (86.8 tons)
5. Philippines (64.8 tons)
6. Singapore (58.7 tons)
7. South Africa (41.8 tons)
8. Vietnam (39.5 tons)

Imports of Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Malaysia

Imports of twine, cordage or rope; knotted netting, of other than man-made textileses into Malaysia plummeted to 971 tons in 2022, waning by -40.6% compared with 2021 figures. In general, imports recorded a precipitous setback. The smallest decline of -3.2% was in 2020.

In value terms, imports of twine, cordage or rope; knotted netting, of other than man-made textileses dropped dramatically to $2.9M in 2022. Overall, imports faced a sharp shrinkage. The growth pace was the most rapid in 2020 with an increase of 31%. As a result, imports attained the peak of $11M. From 2021 to 2022, the growth of imports of failed to regain momentum.

Top Suppliers of Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles to Malaysia in 2022:

1. China (715.3 tons)
2. Thailand (157.1 tons)
3. Taiwan (Chinese) (47.4 tons)
4. South Korea (17.4 tons)

Source: IndexBox Market Intelligence Platform