Price for Track Suits; of Synthetic Fibres, Knitted or Crocheted in Malaysia - 2024
Contents:
- Price for Track Suits; of Synthetic Fibres, Knitted or Crocheted in Malaysia (CIF) - 2022
- Price for Track Suits; of Synthetic Fibres, Knitted or Crocheted in Malaysia (FOB) - 2022
- Imports of Track Suits; of Synthetic Fibres, Knitted or Crocheted in Malaysia
- Exports of Track Suits; of Synthetic Fibres, Knitted or Crocheted in Malaysia
Price for Track Suits; of Synthetic Fibres, Knitted or Crocheted in Malaysia (CIF) - 2022
In 2022, the average import price for track suits; of synthetic fibres, knitted or crocheteds amounted to $16 per unit, rising by 15% against the previous year. Over the period under review, the import price, however, saw a slight contraction. The most prominent rate of growth was recorded in 2013 when the average import price increased by 122% against the previous year. As a result, import price attained the peak level of $39 per unit. From 2014 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Cambodia ($24 per unit), while the price for Bangladesh ($11 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+37.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Track Suits; of Synthetic Fibres, Knitted or Crocheted in Malaysia (FOB) - 2022
In 2022, the average export price for track suits; of synthetic fibres, knitted or crocheteds amounted to $8 per unit, surging by 14% against the previous year. Over the period under review, export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for track suits; of synthetic fibres, knitted or crocheteds increased by +31.3% against 2019 indices. The pace of growth was the most pronounced in 2020 an increase of 49% against the previous year. The export price peaked at $9.1 per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($12 per unit), while the average price for exports to the United States ($6 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+11.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Track Suits; of Synthetic Fibres, Knitted or Crocheted in Malaysia
In 2022, imports of track suits; of synthetic fibres, knitted or crocheteds into Malaysia surged to 51K units, with an increase of 103% compared with the previous year. Overall, imports continue to indicate strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of track suits; of synthetic fibres, knitted or crocheteds soared to $797K in 2022. In general, imports saw a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Track Suits; of Synthetic Fibres, Knitted or Crocheted in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 44.7 | 88.1 | 120 | 201 | 65.1% |
| Bangladesh | 259 | 160 | 87.8 | 174 | -12.4% |
| Hong Kong SAR | 19.0 | 2.7 | 8.9 | 164 | 105.1% |
| Indonesia | 50.7 | 67.6 | 66.8 | 62.8 | 7.4% |
| Vietnam | 107 | 43.6 | 5.1 | 44.1 | -25.6% |
| Cambodia | 45.7 | 29.1 | 7.7 | 38.0 | -6.0% |
| Thailand | N/A | 14.9 | N/A | 35.4 | 54.1% |
| Others | 32.0 | 28.4 | 44.5 | 78.5 | 34.9% |
| Total | 558 | 435 | 341 | 797 | 12.6% |
Top Suppliers of Track Suits; of Synthetic Fibres, Knitted or Crocheted to Malaysia in 2022:
- Bangladesh (15.4K units)
- China (15.2K units)
- Hong Kong SAR (10.1K units)
- Indonesia (4.0K units)
- Vietnam (2.1K units)
- Thailand (1.7K units)
- Cambodia (1.6K units)
Exports of Track Suits; of Synthetic Fibres, Knitted or Crocheted in Malaysia
For the third consecutive year, Malaysia recorded decline in overseas shipments of track suits; of synthetic fibres, knitted or crocheteds, which decreased by -17.4% to 83K units in 2022. In general, exports saw a dramatic setback. Over the period under review, the exports of attained the maximum at 2.2M units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, exports of track suits; of synthetic fibres, knitted or crocheteds fell to $660K in 2022. Over the period under review, exports continue to indicate a significant decline. The exports peaked at $14M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Track Suits; of Synthetic Fibres, Knitted or Crocheted in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 297 | 285 | 297 | 302 | 0.6% |
| Netherlands | 1,090 | 1,605 | 38.1 | 116 | -52.6% |
| United Kingdom | 1,602 | 404 | 102 | 94.4 | -61.1% |
| Australia | 54.6 | 138 | 23.0 | 49.3 | -3.3% |
| France | 687 | 948 | 45.0 | 20.3 | -69.1% |
| United States | 1,179 | 524 | 126 | 19.4 | -74.6% |
| Belgium | 4,620 | 962 | N/A | 18.0 | -84.3% |
| China | 219 | 97.2 | N/A | 16.0 | -58.2% |
| Japan | 1,000 | 208 | 44.5 | N/A | -78.9% |
| Mexico | 888 | 162 | N/A | N/A | -81.8% |
| Others | 1,947 | 528 | 24.4 | 23.8 | -77.0% |
| Total | 13,582 | 5,862 | 700 | 660 | -63.5% |
Top Export Markets for Track Suits; of Synthetic Fibres, Knitted or Crocheted from Malaysia in 2022:
- Germany (46.5K units)
- Netherlands (11.4K units)
- United Kingdom (9.2K units)
- Australia (3.9K units)
- United States (3.2K units)
- France (2.4K units)
- China (2.0K units)
- Belgium (1.6K units)
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