Malaysia: Woolen Fabric Market 2025

Woolen Fabric Market Size in Malaysia

The Malaysian woolen fabric market rose notably to $X in 2021, picking up by 12% against the previous year. In general, consumption, however, showed a noticeable curtailment. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Woolen Fabric Production in Malaysia

In value terms, woolen fabric production skyrocketed to $X in 2021 estimated in export price. Overall, production, however, saw a perceptible contraction. The pace of growth appeared the most rapid in 2013 when the production volume increased by 28% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Woolen Fabric Exports

Exports from Malaysia

In 2021, shipments abroad of woven woolen fabrics decreased by -28.9% to X square meters, falling for the second year in a row after two years of growth. In general, exports recorded a significant curtailment. The pace of growth was the most pronounced in 2019 with an increase of 53%. The exports peaked at X square meters in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, woolen fabric exports plummeted to $X in 2021. Overall, exports continue to indicate a precipitous setback. The growth pace was the most rapid in 2019 with an increase of 16%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Thailand (X square meters) was the main destination for woolen fabric exports from Malaysia, accounting for a 52% share of total exports. Moreover, woolen fabric exports to Thailand exceeded the volume sent to the second major destination, Taiwan (Chinese) (X square meters), fourfold. The United Arab Emirates (X square meters) ranked third in terms of total exports with an 8.8% share.

From 2012 to 2021, the average annual growth rate of volume to Thailand was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (-26.2% per year) and the United Arab Emirates (+64.1% per year).

In value terms, the largest markets for woolen fabric exported from Malaysia were Thailand ($X), the United Arab Emirates ($X) and Taiwan (Chinese) ($X), with a combined 58% share of total exports.

In terms of the main countries of destination, the United Arab Emirates, with a CAGR of +53.8%, saw the highest rates of growth with regard to 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

The average woolen fabric export price stood at $X per square meter in 2021, waning by -14.5% against the previous year. In general, the export price continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2016 an increase of 7% against the previous year. The export price peaked at $X per square meter in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per square meter), while the average price for exports to Turkey ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+15.4%), while the prices for the other major destinations experienced more modest paces of growth.

Woolen Fabric Imports

Imports into Malaysia

Woolen fabric imports into Malaysia shrank markedly to X square meters in 2021, declining by -35.4% against the previous year. Over the period under review, imports saw a deep slump. The pace of growth appeared the most rapid in 2019 when imports increased by 42% against the previous year. Over the period under review, imports reached the maximum at X square meters in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, woolen fabric imports reduced remarkably to $X in 2021. Overall, imports faced a deep reduction. The pace of growth was the most pronounced in 2019 with an increase of 21%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

China (X square meters), Indonesia (X square meters) and Romania (X square meters) were the main suppliers of woolen fabric imports to Malaysia, with a combined 43% share of total imports. Hong Kong SAR, Singapore, Slovenia, India, Turkey, Switzerland, Italy, Ireland, Latvia and the UK lagged somewhat behind, together comprising a further 40%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovenia (with a CAGR of +39,500.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest woolen fabric suppliers to Malaysia were Romania ($X), China ($X) and Switzerland ($X), with a combined 31% share of total imports. Singapore, the UK, Slovenia, Hong Kong SAR, India, Italy, Ireland, Indonesia, Turkey and Latvia lagged somewhat behind, together comprising a further 38%.

Slovenia, with a CAGR of +14,403.0%, saw 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 more modest paces of growth.

Import Prices by Country

The average woolen fabric import price stood at $X per square meter in 2021, growing by 27% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.0%. The growth pace was the most rapid in 2018 an increase of 43% against the previous year. The import price peaked in 2021 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Switzerland ($X per square meter), while the price for Latvia ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+11.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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