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 in certain years. Carpet consumption peaked at $X in 2021, and then dropped in the following year.

Carpet Production in Malaysia

In value terms, carpet production expanded slightly to $X in 2022 estimated in export price. In general, production continues to indicate a modest expansion. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Carpet Exports

Exports from Malaysia

In 2022, overseas shipments 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, exports posted a strong expansion. The most prominent rate of growth was recorded 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 years to come.

In value terms, carpet exports surged to $X in 2022. Overall, exports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

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

The United Arab Emirates, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among 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

In 2022, the average carpet export price amounted to $X per square meter, with an increase of X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per square meter in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, 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, supplies from 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. In general, imports recorded a remarkable increase. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Imports peaked at X square meters in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, carpet imports contracted slightly to $X in 2022. Over the period under review, total imports indicated a prominent 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 pace of growth was the most pronounced 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 carpet supplier 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 held by India (X square meters), 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: 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 totaled 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 recorded a slight shrinkage. The pace of growth was the most pronounced in 2014 an increase of X%. As a result, import price reached the peak level of $X per square meter. From 2015 to 2022, the average import prices remained at a 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 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

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