Malaysia: Market for Industrial Sewing Machines (Non-Automatic) 2024

Market Size for Industrial Sewing Machines (Non-Automatic) in Malaysia

The Malaysian industrial sewing machines (non-automatic) market declined rapidly to $X in 2022, shrinking by -32.7% 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, however, enjoyed a strong increase. Industrial sewing machines (non-automatic) consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Exports of Industrial Sewing Machines (Non-Automatic)

Exports from Malaysia

In 2022, overseas shipments of industrial sewing machines (non-automatic) increased by 22% to X units for the first time since 2019, thus ending a two-year declining trend. Overall, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2015 when exports increased by 255% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, industrial sewing machines (non-automatic) exports rose slightly to $X in 2022. Over the period under review, exports showed a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by 262% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Bangladesh (X units), Vietnam (X units) and India (X units) were the main destinations of industrial sewing machines (non-automatic) exports from Malaysia, with a combined 64% share of total exports. Pakistan, Singapore, Indonesia and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2022, the biggest increases were recorded for Pakistan (with a CAGR of +102.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for industrial sewing machines (non-automatic) exported from Malaysia were Bangladesh ($X), Vietnam ($X) and India ($X), together comprising 62% of total exports. Pakistan, Indonesia, Taiwan (Chinese) and Singapore lagged somewhat behind, together accounting for a further 19%.

Among the main countries of destination, Pakistan, with a CAGR of +91.8%, recorded the highest growth rate of the value of exports, 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 industrial sewing machines (non-automatic) export price amounted to $X per unit, dropping by -14.5% against the previous year. In general, the export price saw a drastic downturn. The growth pace was the most rapid in 2013 when the average export price increased by 31%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while the average price for exports to Singapore ($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 India (+0.6%), while the prices for the other major destinations experienced a decline.

Imports of Industrial Sewing Machines (Non-Automatic)

Imports into Malaysia

In 2022, the amount of industrial sewing machines (non-automatic) imported into Malaysia declined rapidly to X units, waning by -34.8% on 2021. Over the period under review, imports, however, enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2015 when imports increased by 198% against the previous year. Over the period under review, imports reached the maximum at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, industrial sewing machines (non-automatic) imports reduced sharply to $X in 2022. Overall, imports, however, continue to indicate prominent growth. The pace of growth appeared the most rapid in 2015 when imports increased by 173% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest industrial sewing machines (non-automatic) supplier to Malaysia, with a 67% share of total imports. Moreover, industrial sewing machines (non-automatic) imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X units), fourfold. The third position in this ranking was held by Hong Kong SAR (X units), with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +9.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+35.4% per year) and Hong Kong SAR (+37.8% per year).

In value terms, China ($X) constituted the largest supplier of industrial sewing machines (non-automatic) to Malaysia, comprising 62% of total imports. The second position in the ranking was held by Vietnam ($X), with a 19% share of total imports. It was followed by Hong Kong SAR, with a 7.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +15.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+45.3% per year) and Hong Kong SAR (+31.9% per year).

Import Prices by Country

The average industrial sewing machines (non-automatic) import price stood at $X per unit in 2022, rising by 21% against the previous year. Overall, import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, industrial sewing machines (non-automatic) import price increased by +50.1% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by 34%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+7.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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