Price for Wadding; Other Articles Thereof, of Cotton in Malaysia - 2024
Contents:
- Price for Wadding; Other Articles Thereof, of Cotton in Malaysia (CIF) - 2024
- Price for Wadding; Other Articles Thereof, of Cotton in Malaysia (FOB) - 2024
- Imports of Wadding; Other Articles Thereof, of Cotton in Malaysia
- Exports of Wadding; Other Articles Thereof, of Cotton in Malaysia
Price for Wadding; Other Articles Thereof, of Cotton in Malaysia (CIF) - 2024
The average import price for wadding; other articles thereof, of cotta stood at $3,607 per ton in April 2024, growing by 23% against the previous month. Overall, the import price, however, continues to indicate a pronounced decrease. The most prominent rate of growth was recorded in December 2023 when the average import price increased by 34% m-o-m. As a result, import price reached the peak level of $5,373 per ton. From January 2024 to April 2024, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In April 2024, the country with the highest price was Taiwan (Chinese) ($8,358 per ton), while the price for Thailand ($3,150 per ton) was amongst the lowest.
From April 2023 to April 2024, the most notable rate of growth in terms of prices was attained by Thailand (+9.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Wadding; Other Articles Thereof, of Cotton in Malaysia (FOB) - 2024
In April 2024, the average export price for wadding; other articles thereof, of cotta amounted to $6,430 per ton, with a decrease of -14% against the previous month. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in October 2023 when the average export price increased by 32% against the previous month. The export price peaked at $7,557 per ton in February 2024; however, from March 2024 to April 2024, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In April 2024, the country with the highest price was Cambodia ($8,482 per ton), while the average price for exports to Thailand ($5,358 per ton) was amongst the lowest.
From April 2023 to April 2024, the most notable rate of growth in terms of prices was recorded for supplies to Mauritius (+1.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Wadding; Other Articles Thereof, of Cotton in Malaysia
For the fourth year in a row, Malaysia recorded growth in overseas purchases of wadding; other articles thereof, of cotta, which increased by 48% to 1.1K tons in 2022. Over the period under review, imports saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 59%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of wadding; other articles thereof, of cotta skyrocketed to $6M in 2022. In general, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Wadding; Other Articles Thereof, of Cotton in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,253 | 1,447 | 2,630 | 4,373 | 51.7% |
| Japan | 377 | 335 | 577 | 648 | 19.8% |
| Taiwan (Chinese) | 224 | 300 | 242 | 380 | 19.3% |
| Thailand | 143 | 157 | 182 | 303 | 28.4% |
| Indonesia | 133 | 55.6 | 62.6 | 123 | -2.6% |
| India | 52.4 | N/A | 39.8 | 71.6 | 11.0% |
| South Korea | 247 | 25.4 | 11.9 | 20.2 | -56.6% |
| Others | 14.8 | 146 | 110 | 111 | 95.7% |
| Total | 2,444 | 2,466 | 3,855 | 6,031 | 35.1% |
Top Suppliers of Wadding; Other Articles Thereof, of Cotton to Malaysia in 2022:
- China (853.0 tons)
- Japan (129.1 tons)
- Thailand (47.4 tons)
- Taiwan (Chinese) (41.8 tons)
- India (20.0 tons)
- Indonesia (18.4 tons)
- South Korea (2.2 tons)
Exports of Wadding; Other Articles Thereof, of Cotton in Malaysia
In 2022, the amount of wadding; other articles thereof, of cotta exported from Malaysia fell to 746 tons, reducing by -9.4% compared with 2021. Over the period under review, exports saw a abrupt shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 36% against the previous year.
In value terms, exports of wadding; other articles thereof, of cotta dropped to $4.6M in 2022. In general, exports faced a abrupt downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 28%.
| Export of Wadding; Other Articles Thereof, of Cotton in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 1,568 | 527 | 1,197 | 1,512 | -1.2% |
| Philippines | 1,253 | 1,094 | 1,501 | 1,444 | 4.8% |
| Singapore | 1,961 | 1,675 | 1,524 | 1,119 | -17.1% |
| Brunei Darussalam | 184 | 153 | 208 | 181 | -0.5% |
| Vietnam | 182 | 72.2 | 239 | 61.5 | -30.3% |
| Hong Kong SAR | 819 | 372 | 50.6 | 44.1 | -62.2% |
| Australia | 36.5 | 25.4 | 40.0 | 41.8 | 4.6% |
| Sri Lanka | 95.0 | 83.9 | 28.7 | N/A | -45.0% |
| Others | 1,950 | 173 | 561 | 176 | -55.1% |
| Total | 8,049 | 4,176 | 5,349 | 4,580 | -17.1% |
Top Export Markets for Wadding; Other Articles Thereof, of Cotton from Malaysia in 2022:
- Philippines (269.9 tons)
- Thailand (218.6 tons)
- Singapore (163.8 tons)
- Brunei Darussalam (26.4 tons)
- Vietnam (18.9 tons)
- Australia (11.5 tons)
- Hong Kong SAR (6.8 tons)
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