Price for Textiles; Worn Clothing and Other Worn Articles in Malaysia - 2024
Contents:
- Price for Textiles; Worn Clothing and Other Worn Articles in Malaysia (CIF) - 2022
- Price for Textiles; Worn Clothing and Other Worn Articles in Malaysia (FOB) - 2024
- Imports of Textiles; Worn Clothing and Other Worn Articles in Malaysia
- Exports of Textiles; Worn Clothing and Other Worn Articles in Malaysia
Price for Textiles; Worn Clothing and Other Worn Articles in Malaysia (CIF) - 2022
The average import price for textiles; worn clothing and other worn articleses stood at $531 per ton in 2022, with an increase of 8.4% against the previous year. Overall, the import price, however, showed a pronounced contraction. The growth pace was the most rapid in 2021 when the average import price increased by 15% against the previous year. Over the period under review, average import prices reached the maximum at $798 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($1,127 per ton), while the price for Japan ($378 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+0.4%), while the prices for the other major suppliers experienced a decline.
Price for Textiles; Worn Clothing and Other Worn Articles in Malaysia (FOB) - 2024
In January 2024, the average export price for textiles; worn clothing and other worn articleses amounted to $882 per ton, waning by -6.1% against the previous month. Overall, the export price recorded a slight decrease. The most prominent rate of growth was recorded in June 2023 when the average export price increased by 25% month-to-month. The export price peaked at $1,006 per ton in January 2023; however, from February 2023 to January 2024, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In January 2024, the country with the highest price was Cambodia ($1,787 per ton), while the average price for exports to the United Arab Emirates ($378 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to India (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Textiles; Worn Clothing and Other Worn Articles in Malaysia
In 2022, imports of textiles; worn clothing and other worn articleses into Malaysia dropped modestly to 193K tons, waning by -2.6% against 2021. Over the period under review, imports saw a pronounced setback. The pace of growth appeared the most rapid in 2021 when imports increased by 16%.
In value terms, imports of textiles; worn clothing and other worn articleses amounted to $103M in 2022. The total import value increased at an average annual rate of +1.8% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 33% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Textiles; Worn Clothing and Other Worn Articles in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 44.4 | 35.7 | 44.4 | 44.4 | 0.0% |
| South Korea | 19.0 | 15.3 | 22.9 | 27.4 | 13.0% |
| Thailand | 1.5 | 1.8 | 4.6 | 7.0 | 67.1% |
| Australia | 11.9 | 6.4 | 6.9 | 6.8 | -17.0% |
| China | 1.3 | 1.9 | 3.0 | 5.0 | 56.7% |
| Pakistan | 1.7 | 1.9 | 3.5 | 2.9 | 19.5% |
| Singapore | 2.5 | 2.3 | 3.8 | 2.1 | -5.6% |
| United States | 6.3 | 2.7 | 1.2 | 1.4 | -39.4% |
| Philippines | 0.9 | 0.9 | 2.5 | 1.1 | 6.9% |
| Others | 7.7 | 4.0 | 4.3 | 4.5 | -16.4% |
| Total | 97.4 | 73.0 | 97.1 | 103 | 1.9% |
Top Suppliers of Textiles; Worn Clothing and Other Worn Articles to Malaysia in 2022:
- Japan (117.4K tons)
- South Korea (29.8K tons)
- Australia (13.2K tons)
- Thailand (6.2K tons)
- China (5.9K tons)
- Pakistan (5.1K tons)
- United States (3.3K tons)
- Philippines (2.7K tons)
- Singapore (2.3K tons)
Exports of Textiles; Worn Clothing and Other Worn Articles in Malaysia
In 2022, after two years of decline, there was significant growth in overseas shipments of textiles; worn clothing and other worn articleses, when their volume increased by 18% to 81K tons. In general, exports, however, saw a abrupt curtailment.
In value terms, exports of textiles; worn clothing and other worn articleses skyrocketed to $77M in 2022. Overall, exports, however, continue to indicate a pronounced contraction.
| Export of Textiles; Worn Clothing and Other Worn Articles in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 21.6 | 18.6 | 26.8 | 26.6 | 7.2% |
| Thailand | 14.9 | 8.1 | 6.7 | 10.8 | -10.2% |
| Cambodia | 11.4 | 4.0 | 4.2 | 7.4 | -13.4% |
| Philippines | 6.4 | 2.9 | 3.4 | 3.6 | -17.5% |
| Japan | 2.7 | 1.2 | 0.9 | 3.6 | 10.1% |
| Kenya | 2.7 | 1.8 | 2.1 | 3.1 | 4.7% |
| Pakistan | 3.4 | 1.8 | 2.3 | 2.9 | -5.2% |
| Australia | 0.4 | 0.1 | 0.6 | 2.5 | 84.2% |
| India | 2.2 | 1.4 | 0.8 | 2.1 | -1.5% |
| Singapore | 1.7 | 2.5 | 3.6 | 1.5 | -4.1% |
| Hong Kong SAR | 4.2 | 0.5 | 1.6 | 1.1 | -36.0% |
| Ghana | 0.5 | 0.8 | 0.7 | 1.0 | 26.0% |
| United Arab Emirates | 0.3 | 0.3 | 0.4 | 0.8 | 38.7% |
| Others | 15.6 | 11.9 | 9.7 | 10.3 | -12.9% |
| Total | 87.9 | 55.7 | 63.8 | 77.3 | -4.2% |
Top Export Markets for Textiles; Worn Clothing and Other Worn Articles from Malaysia in 2022:
- Indonesia (23.1K tons)
- Thailand (13.5K tons)
- Japan (5.9K tons)
- Pakistan (5.7K tons)
- Cambodia (4.8K tons)
- India (4.0K tons)
- Philippines (3.2K tons)
- Australia (3.0K tons)
- Kenya (3.0K tons)
- Singapore (2.0K tons)
- United Arab Emirates (1.8K tons)
- Hong Kong SAR (1.5K tons)
- Ghana (1.4K tons)
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