South-Eastern Asia: Market for Flax, Raw Or Retted 2022

Market Size for Flax, Raw Or Retted in South-Eastern Asia

In 2021, the Southeast Asian flax, raw or retted market was finally on the rise to reach $X for the first time since 2014, thus ending a six-year declining trend. In general, consumption, however, showed a noticeable slump. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Production of Flax, Raw Or Retted in South-Eastern Asia

In value terms, flax, raw or retted production soared to $X in 2021 estimated in export price. In general, production showed resilient growth. The pace of growth was the most pronounced in 2015 with an increase of X%. The level of production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

The country with the largest volume of flax, raw or retted production was Malaysia (X tons), comprising approx. X% of total volume. Moreover, flax, raw or retted production in Malaysia exceeded the figures recorded by the second-largest producer, Thailand (X tons), eightfold.

In Malaysia, flax, raw or retted production contracted by an average annual rate of -X% over the period from 2012-2021.

Exports of Flax, Raw Or Retted

Exports in South-Eastern Asia

In 2021, overseas shipments of flax, raw or retted increased by X% to X kg for the first time since 2018, thus ending a two-year declining trend. In general, exports, however, showed a sharp decrease. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, flax, raw or retted exports expanded slightly to $X in 2021. Overall, exports, however, continue to indicate a precipitous decrease. The pace of growth appeared the most rapid in 2014 when exports increased by X%. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Singapore represented the key exporting country with an export of around X kg, which accounted for X% of total exports. It was distantly followed by Indonesia (X kg), generating a X% share of total exports.

Singapore was also the fastest-growing in terms of the flax, raw or retted exports, with a CAGR of -X% from 2012 to 2021. Indonesia (-X%) illustrated a downward trend over the same period. Singapore (+X p.p.) significantly strengthened its position in terms of the total exports, while Indonesia saw its share reduced by -X% from 2012 to 2021, respectively.

In value terms, Singapore ($X) remains the largest flax, raw or retted supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Indonesia ($X), with an X% share of total exports.

In Singapore, flax, raw or retted exports shrank by an average annual rate of -X% over the period from 2012-2021.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2021, reducing by -X% against the previous year. Over the period under review, the export price recorded a perceptible decrease. The pace of growth was the most pronounced in 2016 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the the export prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Singapore ($X per ton), while Indonesia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (-X%).

Imports of Flax, Raw Or Retted

Imports in South-Eastern Asia

In 2021, overseas purchases of flax, raw or retted were finally on the rise to reach X tons for the first time since 2014, thus ending a six-year declining trend. In general, imports, however, continue to indicate a deep setback. The growth pace was the most rapid in 2013 with an increase of X%. The volume of import peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, flax, raw or retted imports surged to $X in 2021. Overall, imports, however, showed a pronounced contraction. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Vietnam was the key importer of flax, raw or retted in South-Eastern Asia, with the volume of imports resulting at X tons, which was approx. X% of total imports in 2021. Indonesia (X tons) ranks second in terms of the total imports with a X% share, followed by Malaysia (X%). Singapore (X tons) held a relatively small share of total imports.

From 2012 to 2021, average annual rates of growth with regard to flax, raw or retted imports into Vietnam stood at -X%. At the same time, Singapore (+X%) and Indonesia (+X%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +X% from 2012-2021. Malaysia experienced a relatively flat trend pattern. From 2012 to 2021, the share of Indonesia and Malaysia increased by +X and less than X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X), Vietnam ($X) and Malaysia ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising X% of total imports. Singapore lagged somewhat behind, accounting for a further X, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2021, picking up by less than X% against the previous year. Over the period under review, the import price recorded perceptible growth. The most prominent rate of growth was recorded in 2019 when the import price increased by X% against the previous year. Over the period under review, import prices attained the peak figure in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by the country of destination: the country with the highest price was Singapore ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :