MALAYSIA TEXTILE MANUFACTURING MARKET SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS (2023 - 2028)


Malaysia Textile Manufacturing Market Analysis:

The current size of the textile manufacturing market in Malaysia amounts to USD 3.3 billion, with an expected compound annual growth rate (CAGR) of over 4.6% during the forecast period.

In September 2022, the textile manufacturing industry in the Association of Southeast Asian Nations (ASEAN) region experienced its highest growth rate in the past year. Companies reported significant increases in output, new orders, purchasing activity, and employment. This has generated anticipation among Malaysian fashion designers, positioning the country as an emerging global fashion hub.

The number of Malaysians within the target age group has been steadily increasing in recent years, and this trend is expected to continue during the projected period. As this demographic group tends to favor fast fashion, the apparel sector is poised to experience a surge in demand throughout the forecasted period.

Despite the challenges posed by the pandemic, the industry is gradually returning to normalcy. Manufacturers have undertaken restructuring efforts in their sourcing and distribution channels, as well as implementing digital solutions. These initiatives will contribute to the industry’s growth in the coming years.

The Malaysian textile manufacturing industry is highly versatile, encompassing firms that produce a wide range of textiles, including natural fiber, synthetic fiber, natural yarn, woven yarn, knitted fabrics, woven fabrics, non-woven fabrics, bleached fabrics, dyed fabrics, finished fabrics, and printed fabrics. Additionally, Malaysian textile manufacturers are renowned for their ability to offer ready-to-wear apparel, home textile products, and industrial textile products.

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