Malaysia: Household Sewing Machine Market 2024

Household Sewing Machine Market Size in Malaysia

The Malaysian household sewing machine market skyrocketed to $X in 2021, picking up by 106% against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. Household sewing machine consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Household Sewing Machine Production in Malaysia

In value terms, household sewing machine production contracted significantly to $X in 2021 estimated in export price. Overall, production faced a abrupt decrease. The pace of growth was the most pronounced in 2020 with an increase of 2,610%. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Household Sewing Machine Exports

Exports from Malaysia

In 2021, after three years of growth, there was significant decline in shipments abroad of household sewing machines, when their volume decreased by -61.8% to X units. Over the period under review, exports, however, posted prominent growth. The most prominent rate of growth was recorded in 2019 with an increase of 314% against the previous year. Over the period under review, the exports reached the maximum at X units in 2020, and then fell significantly in the following year.

In value terms, household sewing machine exports fell markedly to $X in 2021. In general, exports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2019 when exports increased by 220%. The exports peaked at $X in 2020, and then contracted sharply in the following year.

Exports by Country

Australia (X units) was the main destination for household sewing machine exports from Malaysia, with a 60% share of total exports. Moreover, household sewing machine exports to Australia exceeded the volume sent to the second major destination, Singapore (X units), sixfold. New Zealand (X units) ranked third in terms of total exports with an 8.3% share.

From 2012 to 2021, the average annual growth rate of volume to Australia totaled +80.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+12.8% per year) and New Zealand (+109.6% per year).

In value terms, Australia ($X) remains the key foreign market for household sewing machines exports from Malaysia, comprising 35% of total exports. The second position in the ranking was held by Singapore ($X), with a 16% share of total exports. It was followed by Trinidad and Tobago, with an 8.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Australia totaled +67.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+8.3% per year) and Trinidad and Tobago (+41.8% per year).

Export Prices by Country

The average household sewing machine export price stood at $X per unit in 2021, rising by 22% against the previous year. Over the period under review, the export price, however, recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2020 when the average export price increased by 46%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Mauritius ($X per unit), while the average price for exports to Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (+9.5%), while the prices for the other major destinations experienced more modest paces of growth.

Household Sewing Machine Imports

Imports into Malaysia

In 2021, supplies from abroad of household sewing machines was finally on the rise to reach X units after three years of decline. Over the period under review, imports recorded a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, household sewing machine imports surged to $X in 2021. In general, imports recorded prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Vietnam (X units) constituted the largest supplier of household sewing machine to Malaysia, accounting for a 64% share of total imports. Moreover, household sewing machine imports from Vietnam exceeded the figures recorded by the second-largest supplier, China (X units), threefold. The third position in this ranking was held by Taiwan (Chinese) (X units), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Vietnam totaled +32.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-0.2% per year) and Taiwan (Chinese) (+21.4% per year).

In value terms, Vietnam ($X) constituted the largest supplier of household sewing machines to Malaysia, comprising 60% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 17% share of total imports. It was followed by China, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from Vietnam amounted to +19.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+13.9% per year) and China (-9.6% per year).

Import Prices by Country

The average household sewing machine import price stood at $X per unit in 2021, increasing by 2% against the previous year. Over the period under review, the import price, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2018 when the average import price increased by 19%. Over the period under review, average import prices attained the maximum at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+1.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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