Malaysia: Market for Nets of Twine, Cordage, Rope or Textile Materials 2022

Market Size for Nets of Twine, Cordage, Rope or Textile Materials in Malaysia

The Malaysian market for nets of twine, cordage, rope or textile materials soared to $X in 2021, picking up by X% against the previous year. Over the period under review, the total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +X% against 2019 indices. Twine, cordage or textile net consumption peaked in 2021 and is likely to see steady growth in years to come.

Production of Nets of Twine, Cordage, Rope or Textile Materials in Malaysia

In value terms, twine, cordage or textile net production shrank sharply to $X in 2021 estimated in export price. In general, production, however, continues to indicate significant growth. The growth pace was the most rapid in 2015 when the production volume increased by X% against the previous year. Twine, cordage or textile net production peaked at $X in 2020, and then shrank markedly in the following year.

Exports of Nets of Twine, Cordage, Rope or Textile Materials

Exports from Malaysia

In 2021, the amount of nets of twine, cordage, rope or textile materials exported from Malaysia rose markedly to X tons, growing by X% against 2020. In general, exports recorded a strong expansion. The pace of growth was the most pronounced in 2016 when exports increased by X%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, twine, cordage or textile net exports rose to $X in 2021. Overall, exports continue to indicate a resilient expansion. The growth pace was the most rapid in 2016 with an increase of X%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

India (X tons) was the main destination for twine, cordage or textile net exports from Malaysia, with a X% share of total exports. Moreover, twine, cordage or textile net exports to India exceeded the volume sent to the second major destination, Indonesia (X tons), twofold. The third position in this ranking was occupied by the United States (X tons), with a X% share.

From 2012 to 2021, the average annual growth rate of volume to India amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+X% per year) and the United States (+X% per year).

In value terms, India ($X) remains the key foreign market for twine, cordage or textile net exports from Malaysia, comprising X% of total exports. The second position in the ranking was occupied by Indonesia ($X), with a X% share of total exports. It was followed by China, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to India totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-X% per year) and China (+X% per year).

Export Prices by Country

In 2021, the average export price for nets of twine, cordage, rope or textile materials amounted to $X per ton, declining by -X% against the previous year. In general, the export price showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2018 an increase of X%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was China ($X per ton), while the average price for exports to Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, 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 a decline.

Imports of Nets of Twine, Cordage, Rope or Textile Materials

Imports into Malaysia

In 2021, supplies from abroad of nets of twine, cordage, rope or textile materials increased by X% to X tons, rising for the third year in a row after two years of decline. The total import volume increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to continue growth in years to come.

In value terms, twine, cordage or textile net imports soared to $X in 2021. In general, total imports indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2017 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the Philippines (X tons) constituted the largest supplier of twine, cordage or textile net to Malaysia, with a X% share of total imports. Moreover, twine, cordage or textile net imports from the Philippines exceeded the figures recorded by the second-largest supplier, India (X tons), fivefold. The third position in this ranking was occupied by Spain (X tons), with a X% share.

From 2012 to 2021, the average annual growth rate of volume from the Philippines amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+X% per year) and Spain (+X% per year).

In value terms, the Philippines ($X), Hong Kong SAR ($X) and Spain ($X) constituted the largest twine, cordage or textile net suppliers to Malaysia, with a combined X% share of total imports. India, Germany, Denmark and New Zealand lagged somewhat behind, together accounting for a further X terms of the main suppliers, New Zealand, with a CAGR of +X%, saw the highest rates of growth with regard to 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 2021, the average import price for nets of twine, cordage, rope or textile materials amounted to $X per ton, picking up by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform