Price for Clothing; Parts, Knitted or Crocheted in Malaysia - 2021

Contents:

1. Price for Clothing; Parts, Knitted or Crocheted in Malaysia (CIF) - 2022
2. Price for Clothing; Parts, Knitted or Crocheted in Malaysia (FOB) - 2022
3. Imports of Clothing; Parts, Knitted or Crocheted in Malaysia
4. Exports of Clothing; Parts, Knitted or Crocheted in Malaysia

Price for Clothing; Parts, Knitted or Crocheted in Malaysia (CIF) - 2022

The average import price for clothing; parts, knitted or crocheted stood at $15,151 per ton in 2022, jumping by 57% against the previous year. Over the period under review, the import price saw strong growth. The pace of growth appeared the most rapid in 2021 an increase of 88% against the previous year. The import price peaked in 2022 and is likely to continue growth in the near future.

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 Japan ($83,339 per ton), while the price for Bangladesh ($1,407 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+20.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Clothing; Parts, Knitted or Crocheted in Malaysia (FOB) - 2022

In 2022, the average export price for clothing; parts, knitted or crocheted amounted to $9,148 per ton, surging by 27% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by 49% against the previous year. As a result, the export price attained the peak level of $11,369 per ton. From 2019 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($87,902 per ton), while the average price for exports to Vietnam ($5,461 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+18.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Clothing; Parts, Knitted or Crocheted in Malaysia

After three years of growth, overseas purchases of clothing; parts, knitted or crocheted decreased by -54.4% to 169 tons in 2022. Over the period under review, imports saw a deep setback. The pace of growth appeared the most rapid in 2021 with an increase of 16% against the previous year. As a result, imports reached the peak of 371 tons, and then fell rapidly in the following year.

In value terms, clothing; parts, knitted or crocheted imports dropped notably to $2.6M in 2022. In general, imports, however, posted a resilient increase. The growth pace was the most rapid in 2021 when imports increased by 117%. As a result, imports reached the peak of $3.6M, and then declined significantly in the following year.

Top Suppliers of Clothing; Parts, Knitted or Crocheted to Malaysia in 2022:

1. China (94.4 tons)
2. Indonesia (43.0 tons)
3. Hong Kong SAR (13.1 tons)
4. Bangladesh (10.7 tons)
5. Japan (4.7 tons)
6. Pakistan (0.9 tons)

Exports of Clothing; Parts, Knitted or Crocheted in Malaysia

Clothing; parts, knitted or crocheted exports from Malaysia skyrocketed to 394 tons in 2022, rising by 15% compared with the year before. Over the period under review, exports saw significant growth. The growth pace was the most rapid in 2021 when exports increased by 122% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, clothing; parts, knitted or crocheted exports surged to $3.6M in 2022. In general, exports enjoyed significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 67%. The exports peaked in 2022 and are expected to retain growth in years to come.

Top Export Markets for Clothing; Parts, Knitted or Crocheted from Malaysia in 2022:

1. Vietnam (224.0 tons)
2. Indonesia (96.8 tons)
3. Singapore (54.0 tons)
4. Cambodia (10.2 tons)
5. United Arab Emirates (8.3 tons)

Source: IndexBox Market Intelligence Platform