Malaysia: Cotton Embroidery Market 2024

Cotton Embroidery Market Size in Malaysia

In 2022, the Malaysian cotton embroidery market increased by 0.9% to $X, rising for the seventh year in a row after two years of decline. In general, consumption enjoyed a prominent expansion. Cotton embroidery consumption peaked in 2022 and is expected to retain growth in years to come.

Cotton Embroidery Production in Malaysia

In value terms, cotton embroidery production contracted significantly to $X in 2022 estimated in export price. In general, production saw a abrupt descent. The pace of growth appeared the most rapid in 2018 with an increase of 48% against the previous year. Cotton embroidery production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Cotton Embroidery Exports

Exports from Malaysia

In 2022, shipments abroad of cotton embroidery in the piece increased by 33% to X kg, rising for the second year in a row after three years of decline. Overall, exports, however, continue to indicate a precipitous contraction. The pace of growth appeared the most rapid in 2016 when exports increased by 89%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, cotton embroidery exports dropped slightly to $X in 2022. Over the period under review, exports, however, saw a significant decline. The growth pace was the most rapid in 2016 when exports increased by 100% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Indonesia (X kg) was the main destination for cotton embroidery exports from Malaysia, accounting for a 95% share of total exports. Moreover, cotton embroidery exports to Indonesia exceeded the volume sent to the second major destination, Singapore (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Indonesia totaled -37.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (-30.0% per year) and the United States (-44.9% per year).

In value terms, Indonesia ($X) remains the key foreign market for cotton embroidery in the piece exports from Malaysia, comprising 97% of total exports. The second position in the ranking was held by Singapore ($X), with a 1.7% share of total exports. It was followed by the United States, with a 1.1% share.

From 2012 to 2022, the average annual growth rate of value to Indonesia stood at -44.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (-34.5% per year) and the United States (-43.5% per year).

Export Prices by Country

The average cotton embroidery export price stood at $X per ton in 2022, falling by -26.4% against the previous year. Overall, the export price recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2018 an increase of 64%. The export price peaked at $X per ton in 2016; however, from 2017 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 Australia ($X per ton), while the average price for exports to Singapore ($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 Australia (+37.2%), while the prices for the other major destinations experienced mixed trend patterns.

Cotton Embroidery Imports

Imports into Malaysia

In 2022, supplies from abroad of cotton embroidery in the piece increased by 7.5% to X tons, rising for the third year in a row after two years of decline. In general, imports continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 17,401%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, cotton embroidery imports expanded modestly to $X in 2022. Over the period under review, imports posted a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 12,508% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Pakistan (X tons), Indonesia (X tons) and Hong Kong SAR (X tons) were the main suppliers of cotton embroidery imports to Malaysia, with a combined 81% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Pakistan (with a CAGR of +93.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cotton embroidery suppliers to Malaysia were Indonesia ($X), Pakistan ($X) and China ($X), with a combined 47% share of total imports.

Pakistan, with a CAGR of +89.0%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average cotton embroidery import price stood at $X per ton in 2022, declining by -3.7% against the previous year. Overall, the import price continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2014 when the average import price increased by 22%. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+2.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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