Malaysia: Flax Fiber Market Overview 2021

Flax Fiber Market Size in Malaysia

The Malaysian flax fiber market expanded modestly to $X in 2019, surging by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a dramatic contraction. The most prominent rate of growth was recorded in 2016 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs at $X in 2007; however, from 2008 to 2019, consumption remained at a lower figure.

Flax Fiber Exports

Exports from Malaysia

In 2019, the amount of flax fiber exported from Malaysia shrank markedly to X kg, declining by -X% on 2018. Overall, exports recorded a dramatic decline. Over the period under review, exports attained the peak figure at X tonnes in 2010; however, from 2011 to 2019, exports remained at a lower figure.

In value terms, flax fiber exports fell significantly to $X in 2019. Over the period under review, exports continue to indicate a precipitous decrease. Exports peaked at $X in 2010; however, from 2011 to 2019, exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X kg) was the main destination for flax fiber exports from Malaysia, with a approx. X% share of total exports.

From 2007 to 2018, the average annual rate of growth in terms of volume to the United Arab Emirates was relatively modest.

From 2007 to 2018, the average annual growth rate of value to the United Arab Emirates was relatively modest.

Export Prices by Country

In 2018, the average flax fiber export price amounted to $X per tonne, almost unchanged from the previous year. Overall, the export price continues to indicate a significant expansion. Over the period under review, average export prices attained the peak figure in 2018 and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2007 to 2018, the rate of growth in terms of prices for the United Arab Emirates amounted to X% per year.

Flax Fiber Imports

Imports into Malaysia

In 2019, approx. X tonnes of flax fiber were imported into Malaysia; waning by -X% compared with 2018 figures. Over the period under review, imports saw a sharp reduction. The most prominent rate of growth was recorded in 2016 when imports increased by X% year-to-year. Over the period under review, imports reached the maximum at X tonnes in 2007; however, from 2008 to 2019, imports remained at a lower figure.

In value terms, flax fiber imports expanded remarkably to $X in 2019. In general, imports saw a abrupt descent. The pace of growth was the most pronounced in 2016 with an increase of X% year-to-year. Over the period under review, imports reached the maximum at $X in 2007; however, from 2008 to 2019, imports stood at a somewhat lower figure.

Imports by Country

Belgium (X tonnes), the UK (X tonnes) and China (X kg) were the main suppliers of flax fiber imports to Malaysia, together comprising X% of total imports.

From 2007 to 2019, the biggest increases were in the UK, while purchases for the other leaders experienced a decline.

In value terms, the largest flax fiber suppliers to Malaysia were Belgium ($X), the UK ($X) and China ($X), together accounting for X% of total imports.

The UK saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2019, the average flax fiber import price amounted to $X per tonne, increasing by X% against the previous year. Overall, the import price continues to indicate strong growth. The pace of growth was the most pronounced in 2016 when the average import price increased by X% year-to-year. The import price peaked in 2019 and is likely to see steady growth in the near future.

Prices varied noticeably by the country of origin; the country with the highest price was Belgium ($X per tonne), while the price for China ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the UK, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for flax fiber in the world?

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The country with the largest volume of flax fiber consumption was France (519K tonnes), accounting for 57% of total volume. Moreover, flax fiber consumption in France exceeded the figures recorded by the second-largest consumer, China (185K tonnes), threefold. The third position in this ranking was occupied by Russia (38K tonnes), with a 4.2% share.

What are the largest producers of flax fiber in the world?

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France (682K tonnes) constituted the country with the largest volume of flax fiber production, comprising approx. 76% of total volume. Moreover, flax fiber production in France exceeded the figures recorded by the second-largest producer, Belgium (95K tonnes), sevenfold. Belarus (40K tonnes) ranked third in terms of total production with a 4.4% share.

What are the leading suppliers of flax fiber to Malaysia?

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In value terms, Belgium ($32K), the UK ($29K) and China ($447) appeared to be the largest flax fiber suppliers to Malaysia, with a combined 90% share of total imports.

What is the average export price for flax fiber in Malaysia?

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In 2018, the average flax fiber export price amounted to $25,643 per tonne, almost unchanged from the previous year.

What is the average import price for flax fiber in Malaysia?

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In 2019, the average flax fiber import price amounted to $14,292 per tonne, with an increase of 10% against the previous year.