Malaysia Textile Manufacturing Market Size
| Study Period | 2024-2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 3.32 Billion |
| Market Size (2029) | USD 4.26 Billion |
| CAGR (2024 - 2029) | 5.10 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Malaysia Textile Manufacturing Market Analysis
The Malaysia Textile Manufacturing Market size is estimated at USD 3.32 billion in 2024, and is expected to reach USD 4.26 billion by 2029, growing at a CAGR of 5.10% during the forecast period (2024-2029).
- The Association of Southeast Asian Nations (ASEAN) region's textile manufacturing industry grew in September 2022 at the fastest rate during the last year. Companies reported sharper gains in output, new orders, purchasing activity, and employment. The growth of the industry is looked forward to, by many Malaysian fashion designers, and the country is therefore recognized as a developing global fashion hub.
- The number of Malaysians in this age group has been rising gradually in recent years, and the projected period is expected to see this trend continue. Because of this group's propensity for fast fashion, the apparel sector will see a spike in demand during the forecasted period.
- Despite this fact, the industry is now coming back to normal. During the pandemic, the manufacturers started restructuring their sourcing and distribution channels. They also worked on enabling digital solutions. Due to all these efforts, the industry will see growth in the coming years. Malaysian textile manufacturing industry is highly versatile, with firms producing a wide variety of textiles, like natural fiber, synthetic fiber, natural yarn, woven yarn, knitted fabrics, woven fabrics, non-woven fabrics, bleached fabrics, dyed fabrics, finished fabrics, and printed fabrics. Malaysian textile manufacturers are also known for their ability to offer ready-to-wear apparel, home textile products, and industrial textile products.
- The industry has a few competitors in the region, including Indonesia, Vietnam, Pakistan, Sri Lanka, China, Cambodia, and Bangladesh. This lower-cost competition led Malaysia to introduce smarter processes and more efficient manufacturing and distribution tech adoptions. The US is a leading importer of the textile products that Malaysia exports. It imported USD 266.254 billion worth of textile products from Malaysia in 2021. As the US economy is strong and has been able to withstand challenges historically, the textile manufacturing market in Malaysia has a promise of stable revenues that will only disappear after a while.
Malaysia Textile Manufacturing Market Trends
The Evolving Apparel Industry Driving the Textile Market
Malaysia's past, notably the historical blending of Malay, Chinese, Indian, and other indigenous cultures, significantly impacted fashion. However, with Muslims making up 61.3% of the population, modest fashion is undoubtedly at the top of the list. Muslim women in Malaysia do not hold back when spending money on designer clothing. Modern clothing companies like Tangsi Tujuh and Anaabu have been enhancing the practicality of traditional Malay clothing while maintaining its Asian heritage throughout the past year.
Rising female labor participation and incomes are leading to women's increased empowerment and financial independence. They will likely use modern fashion to express themselves and feel good about themselves. Many Malaysian fashion designers have confidence in this potential. As a result, Malaysia is increasingly seen as a thriving emergent fashion capital.
Malaysia's population between the age of 25-29 years has been steadily on the rise over the past few years and is expected to follow the same trend in the forecast period. Due to this group's inclination towards fast fashion, the apparel industry will see a surge in demand in the forecast period. This increased demand for apparel will drive the Malaysian textile manufacturing market in the forecast period.
Steadily Increasing Textile Exports Driving the Manuafcturing Market
Except for the drop during the COVID-19 lockdown restrictions, the textile manufacturing industry in Malaysia is constantly rising. It is the eleventh largest earner among all industries exporting from Malaysia. When Malaysia implemented Export Oriented Industrialisation, along with a few other industries, textile industries were also in focus. As a result, the industry has seen sustained growth over the years. There has also been a rise in textile exports in the country.
This upward trend in textile exports from Malaysia is created by the increasing global demand for high-quality clothing and textiles from Malaysia. The rise in the purchasing power of the major importing countries like the US, EU countries, and Canada is another reason for the growth. Malaysia exports its textile products to a few major countries, including the US, Japan, Turkey, China, and Indonesia.
Malaysia’s export industries. The textile industry, along with a few other industries, was a priority when Malaysia pursued Export Oriented Industrialization. As a result, the industry has experienced consistent expansion over time. In addition, the country’s textile exports have increased. The increasing global demand for high-quality clothes and textiles from Malaysia is driving this upward trend in textile exports from Malaysia.
Malaysian textiles are only exported to a few countries. Most of the product is shipped to the USA, which accounts for USD 421.94 million (13%), followed by Japan, which accounts for USD 309.3 million (9.53%), and Turkey, which accounts for USD 309.22 million (9.53%).
Malaysia Textile Manufacturing Industry Overview
The Malaysian textile manufacturing market is highly fragmented, with several local and international players active in the market. Some of the key players are Penfabric Sdn. Berhad, D & Y Textile (M) Sdn Bhd, Esquel Group, Asia Brand Berhad, San Miguel Yamamura Woven Products Sdn. Bhd., and many others. Due to the increased focus of the Malaysian government on textile exports, there lies a good opportunity for all the players to scale up. The Malaysian government has taken steps to encourage new businesses by minimizing regulations and initiation procedures, based on which the barriers to entry into the market are low.
Malaysia Textile Manufacturing Market Leaders
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Penfabric Sdn. Berhad
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D & Y Textile (M) Sdn Bhd
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Esquel Group
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Asia Brand Berhad
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Ramatex Textiles Industrial Sdn Bhd
*Disclaimer: Major Players sorted in no particular order
Malaysia Textile Manufacturing Market News
- May 2023: The Malaysian textile industry should collaborate with manufacturers from China to transform local textile production processes and systems through digitalization and automation in order to boost productivity and increase revenue, said the Malaysian Textile Manufacturers Association (MTMA).
- March 2022: Toray Industries, Inc. unveiled Toyoflon, a low-friction polytetrafluoroethylene (PTFE) with a property to resist friction and be used in high-strength textiles. According to Toray studies, the slide's durability is 25 times greater than its current counterparts, and friction has decreased by more than 50%. Due to its performance advantages, increased surface pressure, and ability to be smaller and lighter, the new textile is expected to witness a rise in adoption.
Malaysia Textile Manufacturing Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
2.1 Analysis Methodology
2.2 Research Phases
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS AND INSIGHTS
4.1 Market Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.1.1 Well established textile industry in Malaysia
4.2.1.2 Supporting government policies
4.2.2 Restraints
4.2.2.1 Health hazards in textile industry
4.2.3 Opportunities
4.2.3.1 Incraese of numerous textile manufacturing facilities in the region
4.3 Value Chain / Supply Chain Analysis
4.4 Industry Policies and Regulations
4.5 Technological Developments in the Sector
4.6 Impact of COVID-19 on the Market
4.7 Industry Attractiveness - Porter's Five Forces Analysis
4.7.1 Threat of New Entrants
4.7.2 Bargaining Power of Buyers/Consumers
4.7.3 Bargaining Power of Suppliers
4.7.4 Threat of Substitute Products
4.7.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Process Type
5.1.1 Spinning
5.1.2 Weaving
5.1.3 Knitting
5.1.4 Finishing
5.1.5 Other Process Types
5.2 By Textile Type
5.2.1 Fiber
5.2.2 Yarn
5.2.3 Fabric
5.2.4 Garments
5.2.5 Other Textile Types
5.3 By Equipment and Machinery
5.3.1 Simple Machines
5.3.2 Automated Machines
5.3.3 Console/Assembly Line Installations
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 Ramatex Textiles Industrial Sdn Bhd
6.2.2 Penfabric Sdn. Berhad
6.2.3 D&Y Textile (Malaysia) Sdn Bhd
6.2.4 Esquel Malaysia Sdn. Berhad
6.2.5 Asia Brands Berhad
6.2.6 Kamunting Spinning Industries Sdn Bhd
6.2.7 KIB Textiles Bhd
6.2.8 Vicmark Fashion Sdn Bhd
6.2.9 San Miguel Yamamura Woven Products Sdn Bhd
6.2.10 Manwira Manufacturing Sdn Bhd
6.2.11 Kima Sdn Bhd*
- *List Not Exhaustive
7. FUTURE OF THE MARKET
8. APPENDIX
Malaysia Textile Manufacturing Industry Segmentation
The Malaysia textile manufacturing industry comprises spinning, fabric, wet processing, and garment manufacturing. The Malaysia textile manufacturing market is segmented by process type (spinning, weaving, knitting, finishing, and other processes), textile type (fiber, yarn, fabric, garments, and other textile types), and equipment and machinery (simple machines, automated machines, and console/assembly line installations). The market size and forecasts for the Malaysia textile manufacturing market in value (USD) for all the above segments.
| By Process Type | |
| Spinning | |
| Weaving | |
| Knitting | |
| Finishing | |
| Other Process Types |
| By Textile Type | |
| Fiber | |
| Yarn | |
| Fabric | |
| Garments | |
| Other Textile Types |
| By Equipment and Machinery | |
| Simple Machines | |
| Automated Machines | |
| Console/Assembly Line Installations |
Malaysia Textile Manufacturing Market Research FAQs
How big is the Malaysia Textile Manufacturing Market?
The Malaysia Textile Manufacturing Market size is expected to reach USD 3.32 billion in 2024 and grow at a CAGR of 5.10% to reach USD 4.26 billion by 2029.
What is the current Malaysia Textile Manufacturing Market size?
In 2024, the Malaysia Textile Manufacturing Market size is expected to reach USD 3.32 billion.
Who are the key players in Malaysia Textile Manufacturing Market?
Penfabric Sdn. Berhad, D & Y Textile (M) Sdn Bhd, Esquel Group, Asia Brand Berhad and Ramatex Textiles Industrial Sdn Bhd are the major companies operating in the Malaysia Textile Manufacturing Market.
What years does this Malaysia Textile Manufacturing Market cover, and what was the market size in 2023?
In 2023, the Malaysia Textile Manufacturing Market size was estimated at USD 3.15 billion. The report covers the Malaysia Textile Manufacturing Market historical market size for years: . The report also forecasts the Malaysia Textile Manufacturing Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Malaysia Textile Manufacturing Industry Report
Statistics for the 2024 Malaysia Textile Manufacturing market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Malaysia Textile Manufacturing analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
