Market for Coconut, Abaca, Ramie and other Vegetable Textile Fibre in Malaysia
Market Overview
In 
, the Malaysian market for coconut, abaca, ramie and other vegetable textile fibres decreased by -% to $ for the first time since 2019, thus ending a two-year rising trend. Overall, consumption, however, recorded a resilient increase. Over the period under review, the market reached the peak level at $ in , and then fell slightly in the following year.
In value terms, production of coconut, abaca, ramie and other vegetable textile fibres totaled $ in estimated in export price. Overall, the total production indicated a perceptible increase from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production increased by +% against 2019 indices. The pace of growth was the most pronounced in 2011 with an increase of %. Over the period under review, production of reached the peak level at $ in 2015; however, from 2016 to , production failed to regain momentum.
, the Malaysian market for coconut, abaca, ramie and other vegetable textile fibres decreased by -% to $ for the first time since 2019, thus ending a two-year rising trend. Overall, consumption, however, recorded a resilient increase. Over the period under review, the market reached the peak level at $ in , and then fell slightly in the following year.In value terms, production of coconut, abaca, ramie and other vegetable textile fibres totaled $
in estimated in export price. Overall, the total production indicated a perceptible increase from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production increased by +% against 2019 indices. The pace of growth was the most pronounced in 2011 with an increase of %. Over the period under review, production of reached the peak level at $ in 2015; however, from 2016 to , production failed to regain momentum.Consumption
After two years of growth, consumption of coconut, abaca, ramie and other vegetable textile fibres decreased by -% to tons in . Over the period under review, consumption, however, continues to indicate a moderate expansion. Consumption of peaked at tons in , and then dropped in the following year.
The revenue of the market for coconut, abaca, ramie and other vegetable textile fibres in Malaysia dropped to $ in , waning by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, posted resilient growth. Consumption of peaked at $ in , and then fell modestly in the following year.
% to tons in . Over the period under review, consumption, however, continues to indicate a moderate expansion. Consumption of peaked at tons in , and then dropped in the following year.The revenue of the market for coconut, abaca, ramie and other vegetable textile fibres in Malaysia dropped to $
in , waning by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, posted resilient growth. Consumption of peaked at $ in , and then fell modestly in the following year.Market Forecast
Driven by increasing demand for coconut, abaca, ramie and other vegetable textile fibres in Malaysia, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .
In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to bring the market volume to tons by the end of .In value terms, the market is forecast to increase with an anticipated CAGR of +
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Driven by a growing demand, the share of imports in total supply in Malaysia increased significantly over the last fifteen-year period (from % to %). In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports increased moderately ( percentage point) over the period under review.
% to %). In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports increased moderately ( percentage point) over the period under review.Trade Balance
Malaysia remains a net exporter of coconut, abaca, ramie and other vegetable textile fibre; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a trade surplus of tons, which was equal to $. Those figures reflect the fact that neither imports nor exports don’t dominate the trade balance, and the country may export not only the product manufactured domestically, but also re-export some previously imported goods.
. In , there was a trade surplus of tons, which was equal to $. Those figures reflect the fact that neither imports nor exports don’t dominate the trade balance, and the country may export not only the product manufactured domestically, but also re-export some previously imported goods.
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