Malaysia: Wooden Kitchen Furniture Market 2024

Wooden Kitchen Furniture Market Size in Malaysia

The Malaysian wooden kitchen furniture market surged to $X in 2022, picking up by 91% against the previous year. Overall, consumption enjoyed a noticeable expansion. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Wooden Kitchen Furniture Production in Malaysia

In value terms, wooden kitchen furniture production expanded remarkably to $X in 2022 estimated in export price. Over the period under review, the total production indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -6.8% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 37%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Wooden Kitchen Furniture Exports

Exports from Malaysia

In 2022, after two years of growth, there was significant decline in shipments abroad of wooden furniture for kitchens, when their volume decreased by -5.3% to X units. Over the period under review, exports, however, enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2020 with an increase of 471% against the previous year. Over the period under review, the exports attained the maximum at X units in 2021, and then fell in the following year.

In value terms, wooden kitchen furniture exports dropped slightly to $X in 2022. In general, exports, however, saw a resilient expansion. The growth pace was the most rapid in 2020 with an increase of 251% against the previous year. The exports peaked at $X in 2021, and then shrank in the following year.

Exports by Country

The United States (X units) was the main destination for wooden kitchen furniture exports from Malaysia, accounting for a 88% share of total exports. It was followed by Saudi Arabia (X units), with a 1.2% share of total exports. India (X units) ranked third in terms of total exports with a 1.1% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled +24.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-0.3% per year) and India (-2.1% per year).

In value terms, the United States ($X) remains the key foreign market for wooden furniture for kitchens exports from Malaysia, comprising 85% of total exports. The second position in the ranking was held by India ($X), with a 1.6% share of total exports. It was followed by the Philippines, with a 1.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +23.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+0.0% per year) and the Philippines (-2.4% per year).

Export Prices by Country

In 2022, the average wooden kitchen furniture export price amounted to $X per unit, picking up by 4.9% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 48%. As a result, the export price attained the peak level of $X per unit. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Philippines ($X per unit), while the average price for exports to Saudi Arabia ($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 Japan (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Kitchen Furniture Imports

Imports into Malaysia

In 2022, wooden kitchen furniture imports into Malaysia totaled X units, growing by 3.4% compared with 2021 figures. In general, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2019 with an increase of 214% against the previous year. Imports peaked at X units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, wooden kitchen furniture imports rose to $X in 2022. Over the period under review, imports continue to indicate a significant increase. The pace of growth was the most pronounced in 2019 when imports increased by 381% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) was the main supplier of wooden kitchen furniture to Malaysia, accounting for a 98% share of total imports. It was followed by Thailand (X units), with a 0.2% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +33.7%.

In value terms, China ($X) constituted the largest supplier of wooden furniture for kitchens to Malaysia, comprising 95% of total imports. The second position in the ranking was held by Thailand ($X), with a 0.2% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +45.1%.

Import Prices by Country

In 2022, the average wooden kitchen furniture import price amounted to $X per unit, approximately equating the previous year. Over the period under review, the import price, however, recorded a prominent expansion. The growth pace was the most rapid in 2019 when the average import price increased by 53% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2021, and then declined modestly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per unit), while the price for China stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+19.9%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :