Malaysia: Flax Fiber Market 2022

Flax Fiber Market Size in Malaysia

In 2021, after three years of growth, there was decline in the Malaysian flax fiber market, when its value decreased by -X% to $X. In general, consumption showed a abrupt downturn. Flax fiber consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Flax Fiber Exports

Exports from Malaysia

After two years of decline, overseas shipments of flax fiber decreased by X% to less than X kg in 2021. Over the period under review, exports recorded a dramatic setback. As a result, the exports reached the peak of X kg. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, flax fiber exports totaled less than $X in 2021. Overall, exports faced a significant decrease. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the 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, accounting for a approx. X% share of total exports.

From 2012 to 2018, the average annual growth rate of volume to the United Arab Emirates was relatively modest.

From 2012 to 2018, the average annual growth rate of value to the United Arab Emirates was relatively modest.

Export Prices by Country

The average flax fiber export price stood at $X per ton in 2018, leveling off at the previous year. Overall, the export price continues to indicate significant growth. The export price peaked in 2018 and is expected to retain 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 2012 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 2021, the amount of flax fiber imported into Malaysia contracted modestly to X tons, remaining stable against the year before. Overall, imports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, flax fiber imports reduced slightly to $X in 2021. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports remained at a lower figure.

Imports by Country

The UK (X tons), Egypt (X tons) and China (X kg) were the main suppliers of flax fiber imports to Malaysia, together accounting for X% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Egypt (with a CAGR of X%), while imports for the other leaders experienced a decline.

In value terms, the UK ($X) constituted the largest supplier of flax fiber to Malaysia, comprising X% of total imports. The second position in the ranking was taken by Egypt ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2021, the average annual growth rate of value from the UK totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (X% per year) and China (-X% per year).

Import Prices by Country

In 2021, the average flax fiber import price amounted to $X per ton, approximately equating the previous year. In general, the import price, however, posted a buoyant expansion. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2020, and then reduced in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Belgium ($X per ton), while the price for Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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