June 2023,
I Ed. ,
22 pages
Price (single user license):
EUR 800 / USD 848
For multiple/corporate license prices please contact us
Language: English
Report code: S31MY
Publisher: CSIL
Status: available for online purchase and immediate download
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Table of contents
The Malaysian kitchen furniture industry comprises approximately 200 manufacturing companies, each with an average annual revenue of USD 3-4 million.
In the last decades, the Malaysian furniture industry has witnessed rapid expansion. However, its growth rate has tapered off in recent years, primarily due to stagnating productivity and intensified competition from emerging furniture markets in Asia, such as China and Vietnam.
Despite maintaining a growth trajectory in terms of exports, the industry underperformed in 2020 and 2021, compared to the other Asian countries. Notably, Malaysia has faced significant challenges, including logistic constraints and labor-related issues, with a more pronounced impact compared to the rest of the Asia-Pacific region. Consequently, these challenges have translated into substantial price increases across the industry.
Selected companies
Some of the mentioned companies: Signature International Berhad, Ikano, J.S. Kitchen System, Hupsheng Furniture Industries Sdn. Bhd, Alustil
The Malaysian kitchen furniture industry comprises approximately 200 manufacturing companies, each with an average annual revenue of USD 3-4 million.
In the last decades, the Malaysian furniture industry has witnessed rapid expansion. However, its growth rate has tapered off in recent years, primarily due to stagnating productivity and intensified competition from emerging furniture markets in Asia, such as China and Vietnam.
Despite maintaining a growth trajectory in terms of exports, the industry underperformed in 2020 and 2021, compared to the other Asian countries. Notably, Malaysia has faced significant challenges, including logistic constraints and labor-related issues, with a more pronounced impact compared to the rest of the Asia-Pacific region. Consequently, these challenges have translated into substantial price increases across the industry.
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