Malaysia: Curtains Market 2024

Curtains Market Size in Malaysia

In 2022, after two years of decline, there was significant growth in the Malaysian curtains market, when its value increased by 5.7% to $X. In general, consumption, however, saw a perceptible descent. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Curtains Production in Malaysia

In value terms, curtains production expanded to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a abrupt descent. The growth pace was the most rapid in 2016 with an increase of 49%. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Curtains Exports

Exports from Malaysia

In 2022, after two years of growth, there was significant decline in shipments abroad of curtains and interior blinds, when their volume decreased by -17.1% to X square meters. In general, exports, however, posted resilient growth. The most prominent rate of growth was recorded in 2020 with an increase of 69% against the previous year. The exports peaked at X square meters in 2021, and then dropped dramatically in the following year.

In value terms, curtains exports shrank to $X in 2022. Over the period under review, exports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of 43%. The exports peaked at $X in 2021, and then reduced in the following year.

Exports by Country

The United States (X square meters) was the main destination for curtains exports from Malaysia, accounting for a 69% share of total exports. Moreover, curtains exports to the United States exceeded the volume sent to the second major destination, Singapore (X square meters), fourfold. The third position in this ranking was held by Taiwan (Chinese) (X square meters), with a 4.6% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to +9.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+26.8% per year) and Taiwan (Chinese) (+6.9% per year).

In value terms, the United States ($X) remains the key foreign market for curtains and interior blinds exports from Malaysia, comprising 67% of total exports. The second position in the ranking was held by Singapore ($X), with a 20% share of total exports. It was followed by Taiwan (Chinese), with a 5.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +9.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+19.2% per year) and Taiwan (Chinese) (+7.3% per year).

Export Prices by Country

In 2022, the average curtains export price amounted to $X per square meter, rising by 3.1% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 11% against the previous year. As a result, the export price attained the peak level of $X per square meter. From 2017 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per square meter), while the average price for exports to the Philippines ($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 Netherlands (+22.2%), while the prices for the other major destinations experienced more modest paces of growth.

Curtains Imports

Imports into Malaysia

In 2022, approx. X square meters of curtains and interior blinds were imported into Malaysia; with an increase of 9.1% compared with the previous year's figure. In general, imports enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2014 when imports increased by 120% against the previous year. Over the period under review, imports hit record highs at X square meters in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, curtains imports shrank to $X in 2022. Over the period under review, imports enjoyed strong growth. The most prominent rate of growth was recorded in 2014 with an increase of 107% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X square meters) constituted the largest curtains supplier to Malaysia, accounting for a 88% share of total imports. Moreover, curtains imports from China exceeded the figures recorded by the second-largest supplier, India (X square meters), more than tenfold. The third position in this ranking was taken by Poland (X square meters), with a 2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +15.1%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+8.3% per year) and Poland (+28.2% per year).

In value terms, China ($X) constituted the largest supplier of curtains and interior blinds to Malaysia, comprising 76% of total imports. The second position in the ranking was taken by India ($X), with a 4.7% share of total imports. It was followed by Poland, with a 4.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +13.9%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+9.5% per year) and Poland (+23.6% per year).

Import Prices by Country

The average curtains import price stood at $X per square meter in 2022, waning by -13.5% against the previous year. Over the period under review, the import price saw a mild descent. The most prominent rate of growth was recorded in 2021 an increase of 21%. Over the period under review, average import prices reached the maximum 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 Taiwan (Chinese) ($X per square meter), while the price for China ($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 Taiwan (Chinese) (+9.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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