Price for Fibres; Synthetic Filament Tow, of Polyesters in Malaysia - 2023
Contents:
- Price for Fibres; Synthetic Filament Tow, of Polyesters in Malaysia (FOB) - 2023
- Price for Fibres; Synthetic Filament Tow, of Polyesters in Malaysia (CIF) - 2022
- Exports of Fibres; Synthetic Filament Tow, of Polyesters in Malaysia
- Imports of Fibres; Synthetic Filament Tow, of Polyesters in Malaysia
Price for Fibres; Synthetic Filament Tow, of Polyesters in Malaysia (FOB) - 2023
In October 2023, the average export price for fibres; synthetic filament tow, of polyesterses amounted to $7,046 per ton, which is down by -5.6% against the previous month. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in July 2023 an increase of 22% against the previous month. Over the period under review, the average export prices attained the peak figure at $7,462 per ton in September 2023, and then reduced in the following month.
Average prices varied noticeably for the major foreign markets. In October 2023, the countries with the highest prices were China ($7,293 per ton) and Indonesia ($7,056 per ton), while the average price for exports to Bangladesh ($6,921 per ton) and Japan ($6,935 per ton) were amongst the lowest.
From December 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+2.2%), while the prices for the other major destinations experienced a decline.
Price for Fibres; Synthetic Filament Tow, of Polyesters in Malaysia (CIF) - 2022
The average import price for fibres; synthetic filament tow, of polyesterses stood at $4,643 per ton in 2022, which is down by -35.4% against the previous year. Overall, the import price, however, enjoyed a resilient increase. The growth pace was the most rapid in 2021 when the average import price increased by 163%. As a result, import price attained the peak level of $7,189 per ton, and then contracted notably in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($13,078 per ton), while the price for Japan ($2,346 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Fibres; Synthetic Filament Tow, of Polyesters in Malaysia
In 2022, approx. 4.5K tons of fibres; synthetic filament tow, of polyesterses were exported from Malaysia; with an increase of 30% against the year before. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 609%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, exports of fibres; synthetic filament tow, of polyesterses surged to $31M in 2022. In general, exports showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 599% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.
| Export of Fibres; Synthetic Filament Tow, of Polyesters in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 5.2 | 2.0 | 8.9 | 13.2 | 36.4% |
| Indonesia | 3.3 | 0.8 | 5.5 | 8.1 | 34.9% |
| China | N/A | N/A | 4.4 | 5.8 | 31.8% |
| Bangladesh | 0.5 | 0.1 | 1.9 | 3.7 | 94.9% |
| Others | N/A | 0.1 | 0.9 | 0.5 | 123.6% |
| Total | 8.9 | 3.1 | 21.6 | 31.4 | 52.2% |
Top Export Markets for Fibres; Synthetic Filament Tow, of Polyesters from Malaysia in 2022:
- Japan (2356.8 tons)
- Indonesia (943.3 tons)
- China (696.7 tons)
- Bangladesh (431.2 tons)
Imports of Fibres; Synthetic Filament Tow, of Polyesters in Malaysia
After two years of decline, supplies from abroad of fibres; synthetic filament tow, of polyesterses increased by 687% to 227 tons in 2022. Overall, imports saw a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of fibres; synthetic filament tow, of polyesterses skyrocketed to $1.1M in 2022. In general, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Fibres; Synthetic Filament Tow, of Polyesters in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 28.6 | 35.3 | 8.2 | 389 | 138.7% |
| United States | N/A | 32.1 | 120 | 381 | 244.5% |
| Germany | N/A | N/A | 43.2 | 276 | 538.9% |
| China | 89.7 | 5.6 | 7.0 | 5.3 | -61.1% |
| Taiwan (Chinese) | 75.0 | 86.6 | 28.6 | 2.9 | -66.2% |
| India | 102 | N/A | N/A | N/A | 0% |
| Others | N/A | 17.4 | N/A | N/A | 0% |
| Total | 295 | 177 | 207 | 1,054 | 52.9% |
Top Suppliers of Fibres; Synthetic Filament Tow, of Polyesters to Malaysia in 2022:
- Japan (165.7 tons)
- United States (38.3 tons)
- Germany (21.1 tons)
- Taiwan (Chinese) (1.0 tons)
- China (0.9 tons)
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