Price for Yarn; of Jute or of Other Textile Bast Fibres, Single in Malaysia - 2023

Contents:

1. Price for Yarn; of Jute or of Other Textile Bast Fibres, Single in Malaysia (CIF) - 2022
2. Price for Yarn; of Jute or of Other Textile Bast Fibres, Single in Malaysia (FOB) - 2022
3. Imports of Yarn; of Jute or of Other Textile Bast Fibres, Single in Malaysia
4. Exports of Yarn; of Jute or of Other Textile Bast Fibres, Single in Malaysia

Price for Yarn; of Jute or of Other Textile Bast Fibres, Single in Malaysia (CIF) - 2022

In 2022, the average import price for yarn; of jute or of other textile bast fibres, singles amounted to $11,363 per ton, rising by 550% against the previous year. Overall, the import price recorded a significant increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($15,366 per ton), while the price for Bangladesh totaled $1,521 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+4.1%).

Price for Yarn; of Jute or of Other Textile Bast Fibres, Single in Malaysia (FOB) - 2022

In 2022, the average export price for yarn; of jute or of other textile bast fibres, singles amounted to $670 per ton, declining by -78.4% against the previous year. Overall, the export price continues to indicate a deep downturn. The pace of growth was the most pronounced in 2017 an increase of 117%. Over the period under review, the average export prices attained the peak figure at $3,102 per ton in 2021, and then fell rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($3,414 per ton), while the average price for exports to Indonesia amounted to $364 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (-1.3%).

Imports of Yarn; of Jute or of Other Textile Bast Fibres, Single in Malaysia

For the third consecutive year, Malaysia recorded decline in purchases abroad of yarn; of jute or of other textile bast fibres, singles, which decreased by -41.9% to 6.9 tons in 2022. Over the period under review, imports saw a sharp decline.

In value terms, imports of yarn; of jute or of other textile bast fibres, singles skyrocketed to $78K in 2022. Overall, imports, however, saw a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Yarn; of Jute or of Other Textile Bast Fibres, Single to Malaysia in 2022:

1. China (4.9 tons)
2. Bangladesh (2.0 tons)

Exports of Yarn; of Jute or of Other Textile Bast Fibres, Single in Malaysia

In 2022, approx. 9.2 tons of yarn; of jute or of other textile bast fibres, singles were exported from Malaysia; with an increase of 15,546% compared with the previous year. Over the period under review, exports saw a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of yarn; of jute or of other textile bast fibres, singles surged to $6.2K in 2022. Overall, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Yarn; of Jute or of Other Textile Bast Fibres, Single from Malaysia in 2022:

1. Indonesia (8.3 tons)
2. United Arab Emirates (0.9 tons)

Source: IndexBox Market Intelligence Platform