Market for Pile And Chenille Fabric in Malaysia
Market Overview
The Malaysian pile and chenille fabric market fell to $
in , dropping by -% 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). Over the period under review, consumption recorded a slight contraction. As a result, consumption attained the peak level of $. From 2013 to , the growth of the market failed to regain momentum.
In value terms, pile and chenille fabric production declined modestly to $ in estimated in export price. Over the period under review, production continues to indicate a pronounced contraction. The pace of growth was the most pronounced in 2018 when the production volume increased by % against the previous year. Pile and chenille fabric production peaked at $ in 2007; however, from 2008 to , production remained at a lower figure.
in , dropping by -% 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). Over the period under review, consumption recorded a slight contraction. As a result, consumption attained the peak level of $. From 2013 to , the growth of the market failed to regain momentum.In value terms, pile and chenille fabric production declined modestly to $
in estimated in export price. Over the period under review, production continues to indicate a pronounced contraction. The pace of growth was the most pronounced in 2018 when the production volume increased by % against the previous year. Pile and chenille fabric production peaked at $ in 2007; however, from 2008 to , production remained at a lower figure.Consumption
In , pile and chenille fabric consumption in Malaysia declined to tons, which is down by -% on the year before. Over the period under review, the total consumption indicated a modest expansion from 2007 to : its volume increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against 2019 indices. Over the period under review, consumption attained the peak volume at tons in 2019; however, from to , consumption failed to regain momentum.
The size of the pile and chenille fabric market in Malaysia shrank to $ in , falling by -% 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, consumption saw a mild slump. As a result, consumption attained the peak level of $. From 2013 to , the growth of the market remained at a somewhat lower figure.
, pile and chenille fabric consumption in Malaysia declined to tons, which is down by -% on the year before. Over the period under review, the total consumption indicated a modest expansion from 2007 to : its volume increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against 2019 indices. Over the period under review, consumption attained the peak volume at tons in 2019; however, from to , consumption failed to regain momentum.The size of the pile and chenille fabric market in Malaysia shrank to $
in , falling by -% 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, consumption saw a mild slump. As a result, consumption attained the peak level of $. From 2013 to , the growth of the market remained at a somewhat lower figure.Market Forecast
The pile and chenille fabric market is expected to start a downward consumption trend over the next eight years. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -% for the eight-year period from to , which is projected to depress the market volume to tons by the end of .
In value terms, the market is forecast to contract with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the eight-year period from to , which is projected to depress the market volume to tons by the end of .In value terms, the market is forecast to contract with an anticipated CAGR of +
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Driven by a growing demand, the share of imports in total supply in Malaysia increased significantly over the last fifteen years (from % to %).
% to %).Trade Balance
Malaysia remains a net importer of pile and chenille fabric; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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