Malaysia: Wooden Kitchen Furniture Market 2024

Wooden Kitchen Furniture Market Size in Malaysia

In 2022, the Malaysian wooden kitchen furniture market increased by X% to $X, rising for the second year in a row after three years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Wooden kitchen furniture consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Wooden Kitchen Furniture Production in Malaysia

In value terms, wooden kitchen furniture production skyrocketed to $X in 2022 estimated in export price. Overall, the total production indicated a mild 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, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Wooden Kitchen Furniture Exports

Exports from Malaysia

In 2022, after five years of growth, there was significant decline in shipments abroad of wooden furniture for kitchens, when their volume decreased by X% to X units. Overall, exports, however, showed a buoyant increase. The pace of growth appeared the most rapid in 2020 with an increase of X%. The exports peaked at X units in 2021, and then dropped sharply in the following year.

In value terms, wooden kitchen furniture exports reduced to $X in 2022. In general, exports, however, showed a resilient increase. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then declined in the following year.

Exports by Country

The United States (X units) was the main destination for wooden kitchen furniture exports from Malaysia, with a X% share of total exports. It was followed by Chile (X units), with a X% share of total exports. The third position in this ranking was taken by the Philippines (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (X% per year) and the Philippines (X% per year).

In value terms, the United States ($X) remains the key foreign market for wooden furniture for kitchens exports from Malaysia, comprising X% of total exports. The second position in the ranking was held by the Philippines ($X), with a X% share of total exports. It was followed by Chile, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (X% per year) and Chile (X% per year).

Export Prices by Country

The average wooden kitchen furniture export price stood at $X per unit in 2022, rising by X% against the previous year. In general, the export price, however, continues to indicate a mild shrinkage. Over the period under review, the average export prices attained the maximum at $X per unit in 2014; however, from 2015 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 the UK ($X per unit), while the average price for exports to Chile ($X per unit) was amongst the lowest.

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

Wooden Kitchen Furniture Imports

Imports into Malaysia

In 2022, purchases abroad of wooden furniture for kitchens decreased by X% to X units, falling for the second year in a row after four years of growth. In general, imports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2019 when imports increased by X%. Imports peaked at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, wooden kitchen furniture imports dropped markedly to $X in 2022. Over the period under review, imports, however, showed a significant expansion. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) was the main supplier of wooden kitchen furniture to Malaysia, accounting for a X% share of total imports. Moreover, wooden kitchen furniture imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), more than tenfold.

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

In value terms, China ($X) constituted the largest supplier of wooden furniture for kitchens to Malaysia, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports.

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

Import Prices by Country

The average wooden kitchen furniture import price stood at $X per unit in 2022, jumping by X% against the previous year. Over the period under review, import price indicated a perceptible increase from 2012 to 2022: its price 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, wooden kitchen furniture import price increased by X% against 2018 indices. The growth pace was the most rapid in 2015 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2016 to 2022, the average import prices remained 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 China ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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