Malaysia: Knitted Fabric Market 2024

Knitted Fabric Market Size in Malaysia

The Malaysian knitted fabric market shrank significantly to $X in 2022, waning by X% against the previous year. Over the period under review, consumption saw a abrupt curtailment. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Knitted Fabric Production in Malaysia

In value terms, knitted fabric production reduced to $X in 2022 estimated in export price. In general, production, however, recorded prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2021, and then reduced in the following year.

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Knitted Fabric Exports

Exports from Malaysia

Knitted fabric exports from Malaysia dropped to X tons in 2022, which is down by X% against the previous year. In general, exports, however, enjoyed a strong increase. The growth pace was the most rapid in 2019 with an increase of X%. The exports peaked at X tons in 2021, and then dropped in the following year.

In value terms, knitted fabric exports fell slightly to $X in 2022. Over the period under review, exports, however, recorded resilient growth. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then shrank slightly in the following year.

Exports by Country

Vietnam (X tons), Cambodia (X tons) and Turkey (X tons) were the main destinations of knitted fabric exports from Malaysia, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Cambodia ($X) and Jordan ($X) were the largest markets for knitted fabric exported from Malaysia worldwide, with a combined X% share of total exports. Indonesia, Australia, Turkey, India and Singapore lagged somewhat behind, together accounting for a further X%.

Turkey, 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 knitted fabric export price stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to India ($X 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 India (X%), while the prices for the other major destinations experienced more modest paces of growth.

Knitted Fabric Imports

Imports into Malaysia

Knitted fabric imports into Malaysia dropped remarkably to X tons in 2022, reducing by X% compared with the year before. Overall, imports saw a mild shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of X%. Imports peaked at X tons in 2021, and then fell dramatically in the following year.

In value terms, knitted fabric imports reduced sharply to $X in 2022. Over the period under review, imports saw a abrupt downturn. The pace of growth appeared the most rapid in 2021 with an increase of X%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of knitted fabric to Malaysia, with a X% share of total imports. Moreover, knitted fabric imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), ninefold. The third position in this ranking was held by Indonesia (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Indonesia (X% per year).

In value terms, China ($X) constituted the largest supplier of knitted or crocheted fabrics to Malaysia, comprising X% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of total imports. It was followed by Indonesia, with a X% share.

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

Import Prices by Country

In 2022, the average knitted fabric import price amounted to $X per ton, with a decrease of X% against the previous year. In general, the import price recorded a noticeable reduction. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Hong Kong SAR ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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