Synthetic Yarn Market Overview in Malaysia
In value terms, synthetic yarn production reduced slightly to $ in estimated in export prices. Overall, production showed a noticeable descent. The most prominent rate of growth was recorded in 2011 when the production volume increased by % y-o-y. As a result, production reached the peak level of $. from 2012 to , production growth failed to regain the momentum.
The revenue of the synthetic yarn market in Malaysia skyrocketed to $ in , with an increase of % 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). Overall, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $ in 2008; however, from 2009 to , consumption remained at a lower figure.