Malaysia: Market for Chamois, Patent and Combination Leather 2024

Market Size for Chamois, Patent and Combination Leather in Malaysia

The Malaysian market for chamois, patent and combination leather contracted to $X in 2022, shrinking by -8.3% against the previous year. Over the period under review, consumption continues to indicate a noticeable shrinkage. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Production of Chamois, Patent and Combination Leather in Malaysia

In value terms, chamois, patent and combination leather production declined to $X in 2022 estimated in export price. Overall, production continues to indicate a perceptible decline. The most prominent rate of growth was recorded in 2014 with an increase of 26%. Chamois, patent and combination leather production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Chamois, Patent and Combination Leather

Exports from Malaysia

In 2022, shipments abroad of chamois, patent and combination leather was finally on the rise to reach X square meters for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, saw a slight setback. The pace of growth was the most pronounced in 2018 with an increase of 710%. Over the period under review, the exports reached the peak figure at X square meters in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, chamois, patent and combination leather exports soared to $X in 2022. Over the period under review, exports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2018 with an increase of 820% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

The Philippines (X square meters), Singapore (X square meters) and Italy (X square meters) were the main destinations of chamois, patent and combination leather exports from Malaysia, together accounting for 87% 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 Italy (with a CAGR of +15.5%), while the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) emerged as the key foreign market for chamois, patent and combination leather exports from Malaysia, comprising 60% of total exports. The second position in the ranking was held by Italy ($X), with a 17% share of total exports. It was followed by the Philippines, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to Singapore totaled +4.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+9.6% per year) and the Philippines (+25.7% per year).

Export Prices by Country

In 2022, the average export price for chamois, patent and combination leather amounted to $X per square meter, reducing by -8% against the previous year. In general, the export price recorded a noticeable decline. The pace of growth appeared the most rapid in 2015 an increase of 48%. The export price peaked at $X per square meter 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 ($X per square meter), while the average price for exports to the Philippines ($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 the Philippines (+13.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Chamois, Patent and Combination Leather

Imports into Malaysia

In 2022, approx. X square meters of chamois, patent and combination leather were imported into Malaysia; jumping by 57% against 2021 figures. In general, imports, however, saw a sharp setback. The growth pace was the most rapid in 2020 when imports increased by 302% against the previous year. Imports peaked at X square meters in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, chamois, patent and combination leather imports surged to $X in 2022. Over the period under review, imports, however, recorded a precipitous decline. The pace of growth was the most pronounced in 2020 when imports increased by 196% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, India (X square meters) constituted the largest supplier of chamois, patent and combination leather to Malaysia, accounting for a 40% share of total imports. Moreover, chamois, patent and combination leather imports from India exceeded the figures recorded by the second-largest supplier, Uruguay (X square meters), threefold. The third position in this ranking was taken by Thailand (X square meters), with an 8.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India stood at -19.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Uruguay (-2.6% per year) and Thailand (-3.3% per year).

In value terms, India ($X) constituted the largest supplier of chamois, patent and combination leather to Malaysia, comprising 33% of total imports. The second position in the ranking was held by Uruguay ($X), with a 16% share of total imports. It was followed by Italy, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from India stood at -18.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Uruguay (-5.8% per year) and Italy (-29.1% per year).

Import Prices by Country

In 2022, the average import price for chamois, patent and combination leather amounted to $X per square meter, picking up by 27% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.0%. The growth pace was the most rapid in 2014 an increase of 30% against the previous year. The import price peaked at $X per square meter in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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 Italy ($X per square meter), while the price for China ($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 Italy (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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