Malaysia: Market for Machines For Preparing, Weaving And Knitting Textiles 2024

Market Size for Machines For Preparing, Weaving And Knitting Textiles in Malaysia

In 2023, the Malaysian market for machines for preparing, weaving and knitting textiles increased by X% to $X, rising for the fourth year in a row after two years of decline. In general, consumption enjoyed a buoyant expansion. Over the period under review, the market hit record highs in 2023 and is expected to retain growth in the immediate term.

Production of Machines For Preparing, Weaving And Knitting Textiles in Malaysia

In value terms, textile weaving and knitting machinery production soared to $X in 2023 estimated in export price. Over the period under review, production, however, continues to indicate a deep reduction. The pace of growth appeared the most rapid in 2021 with an increase of X%. Textile weaving and knitting machinery production peaked at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Exports of Machines For Preparing, Weaving And Knitting Textiles

Exports from Malaysia

Textile weaving and knitting machinery exports from Malaysia soared to X units in 2023, increasing by X% against the year before. Over the period under review, exports, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, textile weaving and knitting machinery exports declined remarkably to $X in 2023. In general, exports, however, showed a dramatic decline. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

China (X units) was the main destination for textile weaving and knitting machinery exports from Malaysia, accounting for a X% share of total exports. Moreover, textile weaving and knitting machinery exports to China exceeded the volume sent to the second major destination, France (X units), twofold. Canada (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual growth rate of volume to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Canada (X% per year).

In value terms, China ($X) remains the key foreign market for machines for preparing, weaving and knitting textiles exports from Malaysia, comprising X% of total exports. The second position in the ranking was taken by Thailand ($X), with a X% share of total exports. It was followed by India, with a X% share.

From 2012 to 2023, the average annual growth rate of value to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (X% per year) and India (X% per year).

Export Prices by Country

The average export price for machines for preparing, weaving and knitting textiles stood at $X per unit in 2023, declining by X% against the previous year. Overall, the export price saw a abrupt decline. The most prominent rate of growth was recorded in 2020 when the average export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2021 to 2023, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Bangladesh ($X per unit), while the average price for exports to Canada ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (X.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machines For Preparing, Weaving And Knitting Textiles

Imports into Malaysia

In 2023, imports of machines for preparing, weaving and knitting textiles into Malaysia soared to X units, increasing by X% against the previous year. Over the period under review, imports enjoyed resilient growth. The pace of growth was the most pronounced in 2018 when imports increased by X%. Over the period under review, imports hit record highs in 2023 and are likely to see steady growth in the near future.

In value terms, textile weaving and knitting machinery imports reduced to $X in 2023. Overall, imports, however, showed a pronounced contraction. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, China (X units) constituted the largest textile weaving and knitting machinery supplier to Malaysia, with a X% share of total imports. Moreover, textile weaving and knitting machinery imports from China exceeded the figures recorded by the second-largest supplier, the Czech Republic (X units), more than tenfold. The third position in this ranking was taken by Taiwan (Chinese) (X units), with a X% share.

From 2012 to 2023, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, the largest textile weaving and knitting machinery suppliers to Malaysia were China ($X), the Czech Republic ($X) and Germany ($X), together accounting for X% of total imports. Japan, Taiwan (Chinese), Switzerland, Vietnam, India, Austria and Singapore lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Austria, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for machines for preparing, weaving and knitting textiles stood at $X per unit in 2023, falling by X% against the previous year. Over the period under review, the import price faced a abrupt setback. The pace of growth was the most pronounced in 2020 an increase of X%. Over the period under review, average import prices hit record highs at $X per unit in 2017; however, from 2018 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Switzerland ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Switzerland (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform