Malaysia: Flax Fabric Market 2024

Flax Fabric Market Size in Malaysia

The Malaysian flax fabric market soared to $X in 2022, growing by X% against the previous year. Overall, consumption showed a deep contraction. Flax fabric consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Flax Fabric Production in Malaysia

In value terms, flax fabric production skyrocketed to $X in 2022 estimated in export price. Overall, production saw a abrupt shrinkage. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Flax Fabric Exports

Exports from Malaysia

In 2022, exports of woven fabrics of flax from Malaysia rose remarkably to X square meters, picking up by X% compared with 2021. Overall, exports, however, showed a abrupt decrease. Over the period under review, the exports reached the peak figure at X square meters in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, flax fabric exports surged to $X in 2022. In general, exports saw a perceptible expansion. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X square meters) was the main destination for flax fabric exports from Malaysia, accounting for a X% share of total exports. Moreover, flax fabric exports to the United States exceeded the volume sent to the second major destination, Australia (X square meters), tenfold. Hong Kong SAR (X square meters) ranked third in terms of total exports with a X% share.

From 2020 to 2022, the average annual growth rate of volume to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (X% per year) and Hong Kong SAR (X% per year).

In value terms, the United States ($X) remains the key foreign market for woven fabrics of flax exports from Malaysia, comprising X% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a X% share of total exports. It was followed by India, with a X% share.

From 2020 to 2022, the average annual growth rate of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (X% per year) and India (X% per year).

Export Prices by Country

In 2022, the average flax fabric export price amounted to $X per square meter, growing by X% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt slump. Over the period under review, the average export prices hit record highs at $X per square meter in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per square meter), while the average price for exports to the UK ($X per square meter) was amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (X%), while the prices for the other major destinations experienced a decline.

Flax Fabric Imports

Imports into Malaysia

In 2022, flax fabric imports into Malaysia surged to X square meters, picking up by X% against the previous year. Overall, imports, however, recorded a deep reduction. Imports peaked at X square meters in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, flax fabric imports surged to $X in 2022. In general, imports, however, continue to indicate a deep contraction. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

India (X square meters), Belgium (X square meters) and China (X square meters) were the main suppliers of flax fabric imports to Malaysia, with a combined X% share of total imports. Italy, Indonesia, Latvia, Singapore, Turkey and Japan lagged somewhat behind, together accounting for a further X%.

From 2020 to 2022, the biggest increases were recorded for Singapore (with a CAGR of X%), while purchases for the other leaders experienced a decline.

In value terms, India ($X) constituted the largest supplier of woven fabrics of flax to Malaysia, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by Singapore, with a X% share.

From 2020 to 2022, the average annual rate of growth in terms of value from India stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Singapore (X% per year).

Import Prices by Country

The average flax fabric import price stood at $X per square meter in 2022, with an increase of X% against the previous year. Over the period from 2020 to 2022, it increased at an average annual rate of X%. As a result, import price attained 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 2022, amid the top importers, the country with the highest price was India ($X per square meter), while the price for Indonesia ($X per square meter) was amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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