Malaysia: Tufted Carpet Market 2025

Tufted Carpet Market Size in Malaysia

The Malaysian tufted carpet market reduced to $X in 2022, falling by -11.6% 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). In general, the total consumption indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +13.9% against 2020 indices. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Tufted Carpet Exports

Exports from Malaysia

In 2022, the amount of tufted carpets and other tufted textile floor coverings exported from Malaysia skyrocketed to X square meters, picking up by 22% on the year before. Overall, exports, however, saw a noticeable contraction. Over the period under review, the exports hit record highs at X square meters in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, tufted carpet exports soared to $X in 2022. Over the period under review, exports, however, recorded a mild setback. The most prominent rate of growth was recorded in 2014 with an increase of 43% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Singapore (X square meters), India (X square meters) and Australia (X square meters) were the main destinations of tufted carpet exports from Malaysia, with a combined 46% share of total exports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +21.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for tufted carpet exported from Malaysia were Australia ($X), Vietnam ($X) and Japan ($X), with a combined 56% share of total exports. Singapore, India, Thailand, Indonesia, the Philippines and Bangladesh lagged somewhat behind, together accounting for a further 33%.

India, with a CAGR of +25.3%, 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 tufted carpet export price amounted to $X per square meter, almost unchanged from the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 32%. The export price peaked at $X per square meter in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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 Japan ($X per square meter), while the average price for exports to Bangladesh ($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 Japan (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.

Tufted Carpet Imports

Imports into Malaysia

In 2022, tufted carpet imports into Malaysia declined to X square meters, which is down by -8.9% against the previous year. In general, imports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of 94%. As a result, imports reached the peak of X square meters. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, tufted carpet imports shrank to $X in 2022. Overall, imports continue to indicate a slight contraction. The pace of growth appeared the most rapid in 2014 when imports increased by 28%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X square meters) constituted the largest supplier of tufted carpet to Malaysia, accounting for a 77% share of total imports. Moreover, tufted carpet imports from China exceeded the figures recorded by the second-largest supplier, India (X square meters), more than tenfold. Indonesia (X square meters) ranked third in terms of total imports with a 4.4% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +12.9%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+21.4% per year) and Indonesia (-10.0% per year).

In value terms, China ($X) constituted the largest supplier of tufted carpets and other tufted textile floor coverings to Malaysia, comprising 65% of total imports. The second position in the ranking was held by India ($X), with a 7.1% share of total imports. It was followed by Thailand, with a 5.5% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+12.1% per year) and Thailand (-11.5% per year).

Import Prices by Country

The average tufted carpet import price stood at $X per square meter in 2022, remaining constant against the previous year. In general, the import price, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2019 when the average import price increased by 9.9% against the previous year. The import price peaked at $X per square meter in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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 Thailand ($X per square meter), while the price for China ($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 Indonesia (+0.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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