Price for Tents of Textile Materials Other than Cotton or Synthetic Fibres in Malaysia - 2024

Contents:

1. Price for Tents of Textile Materials Other than Cotton or Synthetic Fibres in Malaysia (CIF) - 2024
2. Price for Tents of Textile Materials Other than Cotton or Synthetic Fibres in Malaysia (FOB) - 2022
3. Imports of Tents of Textile Materials Other than Cotton or Synthetic Fibres in Malaysia
4. Exports of Tents of Textile Materials Other than Cotton or Synthetic Fibres in Malaysia

Price for Tents of Textile Materials Other than Cotton or Synthetic Fibres in Malaysia (CIF) - 2024

The average import price for tents of textile materials other than cotton or synthetic fibreses stood at $979 per ton in January 2024, dropping by -14.2% against the previous month. Overall, the import price continues to indicate a noticeable curtailment. The most prominent rate of growth was recorded in October 2023 an increase of 254% month-to-month. As a result, import price reached the peak level of $2,442 per ton. From November 2023 to January 2024, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was China ($977 per ton), while the price for Singapore stood at $582 per ton.

From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Pakistan (+5.3%), while the prices for the other major suppliers experienced a decline.

Price for Tents of Textile Materials Other than Cotton or Synthetic Fibres in Malaysia (FOB) - 2022

In 2022, the average export price for tents of textile materials other than cotton or synthetic fibreses amounted to $6,225 per ton, dropping by -33.1% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 60% against the previous year. Over the period under review, the average export prices hit record highs at $9,310 per ton in 2021, and then declined notably in the following year.

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 the Philippines ($15,314 per ton), while the average price for exports to South Korea ($5,502 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+24.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tents of Textile Materials Other than Cotton or Synthetic Fibres in Malaysia

In 2022, approx. 2.8K tons of tents of textile materials other than cotton or synthetic fibreses were imported into Malaysia; rising by 72% against 2021 figures. Over the period under review, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of tents of textile materials other than cotton or synthetic fibreses skyrocketed to $4.6M in 2022. In general, imports recorded a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Tents of Textile Materials Other than Cotton or Synthetic Fibres to Malaysia in 2022:

1. China (2680.3 tons)
2. Singapore (50.6 tons)

Exports of Tents of Textile Materials Other than Cotton or Synthetic Fibres in Malaysia

After two years of decline, shipments abroad of tents of textile materials other than cotton or synthetic fibreses increased by 279% to 350 tons in 2022. Over the period under review, exports saw notable growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of tents of textile materials other than cotton or synthetic fibreses surged to $2.2M in 2022. In general, exports, however, showed a abrupt decline.

Top Export Markets for Tents of Textile Materials Other than Cotton or Synthetic Fibres from Malaysia in 2022:

1. South Korea (199.7 tons)
2. Pakistan (82.3 tons)
3. Indonesia (52.8 tons)
4. Singapore (4.7 tons)
5. Australia (0.2 tons)

Source: IndexBox Market Intelligence Platform