The import of knitted or crocheted fabric to Malaysia has seen a general declining trend from 2013 to 2023, standing at 105.22 million USD in 2023. YoY variations show a drop of 3.3% from 2022 to 2023, continuing a broader decline over recent years. The last five years showed an average annual decrease (CAGR) of 2.61%. Forecasts indicate this trend will persist, with a projected value of 86.462 million USD by 2028, implying a 5-year CAGR of -3.11% and an overall decrease of 14.63% from 2023 levels.
Future trends to watch for include:
• Economic conditions that may affect manufacturing and import capacity. • Changes in global trade policies impacting textile imports. • Technological advancements in the textile industry. • Shifts in domestic demand for knitted or crocheted fabrics.
