Price for Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Malaysia - 2024
Contents:
- Price for Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Malaysia (CIF) - 2024
- Price for Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Malaysia (FOB) - 2024
- Imports of Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Malaysia
- Exports of Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Malaysia
Price for Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Malaysia (CIF) - 2024
In January 2024, the average import price for artificial staple fibres, not carded, combed or otherwise processed for spinning amounted to $1,538 per ton, falling by -3.5% against the previous month. In general, the import price continues to indicate a mild setback. The growth pace was the most rapid in October 2023 an increase of 53% against the previous month. Over the period under review, average import prices attained the maximum at $2,599 per ton in May 2023; however, from June 2023 to January 2024, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In January 2024, the country with the highest price was China ($1,961 per ton), while the price for Indonesia stood at $1,509 per ton.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by China (-0.2%).
Price for Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Malaysia (FOB) - 2024
The average export price for artificial staple fibres, not carded, combed or otherwise processed for spinning stood at $1,533 per ton in January 2024, dropping by -5.1% against the previous month. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 an increase of 7.6% m-o-m. As a result, the export price reached the peak level of $1,769 per ton. From April 2023 to January 2024, the the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Iran.
From January 2023 to January 2024, the rate of growth in terms of prices for Iran amounted to -0.5% per month.
Imports of Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Malaysia
For the fourth consecutive year, Malaysia recorded growth in purchases abroad of artificial staple fibres, not carded, combed or otherwise processed for spinning, which increased by 88% to 16K tons in 2022. In general, imports enjoyed a significant increase. The growth pace was the most rapid in 2020 when imports increased by 359%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in years to come.
In value terms, imports of artificial staple fibres, not carded, combed or otherwise processed for spinning surged to $31M in 2022. Over the period under review, imports continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 325%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
| Import of Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 0.7 | 4.4 | 14.8 | 26.9 | 237.5% |
| China | 0.3 | 0.5 | 0.3 | 3.0 | 115.4% |
| Singapore | N/A | N/A | 0.5 | 0.4 | -20.0% |
| Others | 0.2 | 0.4 | 0.7 | 0.6 | 44.2% |
| Total | 1.2 | 5.3 | 16.3 | 30.9 | 195.3% |
Top Suppliers of Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning to Malaysia in 2022:
- Indonesia (14.0K tons)
- China (1.4K tons)
- Singapore (0.2K tons)
Exports of Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Malaysia
In 2022, the amount of artificial staple fibres, not carded, combed or otherwise processed for spinning exported from Malaysia soared to 15K tons, rising by 259% compared with the previous year. In general, exports showed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 979%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of artificial staple fibres, not carded, combed or otherwise processed for spinning surged to $29M in 2022. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 789% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.
| Export of Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iran | 0.1 | 1.5 | 7.6 | 29.1 | 562.7% |
| Others | N/A | 0.1 | 0.3 | N/A | 200.0% |
| Total | 0.2 | 1.5 | 7.9 | 29.1 | 426.0% |
Top Export Markets for Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning from Malaysia in 2022:
- Iran (15.4K tons)
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