Malaysia: Market for Finishing Agents Used In The Textile Industry 2024

Market Size for Finishing Agents Used In The Textile Industry in Malaysia

The Malaysian textile industry finishing agents market amounted to $X in 2022, increasing by X% against the previous year. Overall, the total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2016 indices. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in the near future.

Production of Finishing Agents Used In The Textile Industry in Malaysia

In value terms, textile industry finishing agents production amounted to $X in 2022 estimated in export price. Overall, the total production indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Exports of Finishing Agents Used In The Textile Industry

Exports from Malaysia

In 2022, approx. X tons of finishing agents used in the textile industry were exported from Malaysia; dropping by X% compared with the year before. Over the period under review, exports, however, continue to indicate moderate growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, textile industry finishing agents exports dropped to $X in 2022. In general, exports, however, posted a pronounced expansion. The pace of growth was the most pronounced in 2021 when exports increased by X%. As a result, the exports reached the peak of $X, and then declined in the following year.

Exports by Country

Singapore (X tons) was the main destination for textile industry finishing agents exports from Malaysia, accounting for a X% share of total exports. Moreover, textile industry finishing agents exports to Singapore exceeded the volume sent to the second major destination, Bangladesh (X tons), threefold. The third position in this ranking was taken by Russia (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Singapore was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (X% per year) and Russia (X% per year).

In value terms, Bangladesh ($X), China ($X) and Singapore ($X) constituted the largest markets for textile industry finishing agents exported from Malaysia worldwide, together comprising X% of total exports. Vietnam, Russia, Hong Kong SAR, Pakistan, Indonesia and Brunei Darussalam lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Russia, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average textile industry finishing agents export price stood at $X per ton in 2022, reducing by X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then contracted in the following year.

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 Pakistan ($X per ton), while the average price for exports to Singapore ($X 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 China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Finishing Agents Used In The Textile Industry

Imports into Malaysia

In 2022, approx. X tons of finishing agents used in the textile industry were imported into Malaysia; remaining relatively unchanged against the previous year. In general, imports, however, recorded buoyant growth. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then dropped in the following year.

In value terms, textile industry finishing agents imports expanded sharply to $X in 2022. Over the period under review, total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the near future.

Imports by Country

Indonesia (X tons), Vietnam (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of textile industry finishing agents imports to Malaysia, with a combined X% share of total imports. China, Japan, Thailand and South Korea lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Indonesia ($X) and Japan ($X) appeared to be the largest textile industry finishing agents suppliers to Malaysia, with a combined X% share of total imports. Taiwan (Chinese), China, South Korea and Thailand lagged somewhat behind, together comprising a further X%.

Among the main suppliers, China, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average textile industry finishing agents import price amounted to $X per ton, growing by X% against the previous year. In general, the import price, however, continues to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2016 when the average import price increased by X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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