Malaysia: Knitting Machine Market 2024

Knitting Machine Market Size in Malaysia

The Malaysian knitting machine market reduced markedly to $X in 2022, which is down by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a slight reduction. Knitting machine consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Knitting Machine Exports

Exports from Malaysia

After two years of growth, shipments abroad of flat knitting machines, stitch-bonding machines and warp knitting machines decreased by X% to X units in 2022. Overall, exports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, knitting machine exports declined sharply to $X in 2022. Over the period under review, exports, however, enjoyed a modest expansion. The pace of growth appeared the most rapid in 2017 with an increase of X%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

India (X units), Japan (X units) and Hong Kong SAR (X units) were the main destinations of knitting machine exports from Malaysia, together accounting for X% of total exports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for knitting machine exported from Malaysia were Hong Kong SAR ($X), Thailand ($X) and Indonesia ($X), together accounting for X% of total exports. India, South Korea, Cambodia, Pakistan, Japan, the Philippines, Sri Lanka, Nigeria, Singapore and Brunei Darussalam lagged somewhat behind, together comprising a further X%.

India, with a CAGR of X%, recorded the highest growth rate of 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 knitting machine export price amounted to $X per unit, with a decrease of X% against the previous year. Over the period under review, the export price showed a deep reduction. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. The export price peaked at $X per unit in 2018; however, from 2019 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 Indonesia ($X per unit), while the average price for exports to Brunei Darussalam ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (X%), while the prices for the other major destinations experienced a decline.

Knitting Machine Imports

Imports into Malaysia

Knitting machine imports into Malaysia contracted to X units in 2022, dropping by X% on 2021 figures. Overall, imports, however, showed slight growth. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Imports peaked at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, knitting machine imports contracted rapidly to $X in 2022. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

The United States (X units), China (X units) and Japan (X units) were the main suppliers of knitting machine imports to Malaysia, together comprising X% of total imports.

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

In value terms, the largest knitting machine suppliers to Malaysia were Japan ($X), China ($X) and Cambodia ($X), together accounting for X% of total imports. The United States, Taiwan (Chinese), Hong Kong SAR, South Korea and Italy lagged somewhat behind, together accounting for a further X%.

The United States, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average knitting machine import price amounted to $X per unit, which is down by X% against the previous year. Overall, the import price continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2017; however, from 2018 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) ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cambodia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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