Malaysia: Carpet Market 2024

Carpet Market Size in Malaysia

In 2022, after two years of growth, there was decline in the Malaysian carpet market, when its value decreased by X% to $X. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Carpet consumption peaked at $X in 2021, and then contracted in the following year.

Carpet Production in Malaysia

In value terms, carpet production rose slightly to $X in 2022 estimated in export price. Overall, production showed mild growth. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Carpet production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Carpet Exports

Exports from Malaysia

In 2022, shipments abroad of carpets and other textile floor coverings increased by X% to X square meters, rising for the second year in a row after two years of decline. Overall, exports continue to indicate strong growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, carpet exports surged to $X in 2022. Over the period under review, exports recorded a strong increase. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Indonesia (X square meters), India (X square meters) and Singapore (X square meters) were the main destinations of carpet exports from Malaysia, with a combined X% share of total exports. The United Arab Emirates, Thailand, Australia, China, Vietnam and Japan lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for carpet exported from Malaysia were India ($X), the United Arab Emirates ($X) and Australia ($X), with a combined X% share of total exports.

The United Arab Emirates, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average carpet export price stood at $X per square meter in 2022, surging by X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average export price increased by X%. The export price peaked at $X per square meter in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per square meter), while the average price for exports to Indonesia ($X per square meter) was amongst the lowest.

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

Carpet Imports

Imports into Malaysia

In 2022, overseas purchases of carpets and other textile floor coverings increased by X% to X square meters, rising for the second consecutive year after two years of decline. Over the period under review, imports enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X square meters in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, carpet imports dropped to $X in 2022. In general, total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X square meters) constituted the largest supplier of carpet to Malaysia, accounting for a X% share of total imports. Moreover, carpet imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X square meters), twofold. The third position in this ranking was taken by India (X square meters), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and India (X% per year).

In value terms, China ($X) constituted the largest supplier of carpets and other textile floor coverings to Malaysia, comprising X% of total imports. The second position in the ranking was taken by Turkey ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and India (X% per year).

Import Prices by Country

In 2022, the average carpet import price amounted to $X per square meter, reducing by X% against the previous year. In general, the import price saw a slight descent. The most prominent rate of growth was recorded in 2014 when the average import price increased by X%. As a result, import price attained the peak level of $X per square meter. From 2015 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per square meter), while the price for China ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :