Explore Business Opportunities and Development Potentials of Malaysia

Over the past few decades, Malaysia has undergone a remarkable economic transformation, establishing itself as one of Southeast Asia’s most developed and diversified economies. The country's manufacturing and export strengths, particularly in the electronics and automotive industries, have earned it recognition in the region. In terms of GDP per capita, Malaysia ranks third among ASEAN countries, with Singapore and Brunei Darussalam holding the top two positions.

Benefitting from its strategic location, Malaysia has become a crucial regional hub for international trade and commerce, connecting East Asia, South Asia, and the Middle East, through its extensive network of seaports and airports. The government's #Industry4WRD initiative, aimed at accelerating industrial development, is further fuelling growth in the manufacturing sector. With robust expansion in manufacturing, government-led efforts to improve cross-border infrastructure, and an increasing number of free trade agreements, Malaysia's logistics sector is projected to achieve a compound annual growth rate of 7.8% from 2022 to 2027, contributing over MYR 350 billion by 2027.

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Renowned for its expertise in textile and apparel, Malaysia has become a global trendsetter in modest fashion. The mature and well-established textile and apparel industry in the country offers significant opportunities for growth. According to Statista, the market for modest fashion in Malaysia is projected to reach a volume of USD 3.44 billion by 2027, with an anticipated annual growth rate of 11.57% from 2023 to 2027.

Besides, its eCommerce market presents a significant opportunity for businesses, as it is on track to become one of the largest in Southeast Asia. According to Statista, the revenue in the Malaysian eCommerce market is expected to reach USD 8.75 billion in 2023, with an impressive annual growth rate of 13.26% from 2023 to 2027, reaching USD 14.40 billion. These figures underscore the tremendous potential for businesses to tap into the expanding online retail landscape in Malaysia.

Given the promising growth prospects in Malaysia's thriving retail market, now is an ideal time for companies to seize the opportunity and leverage its potential. In line with this, CNL Malaysia, a joint venture founded in 2021 by CN Logistics International Holdings Limited and FM Global Logistics , has combined their mutual relationship and extensive expertise in the freight forwarding industry. This collaboration enables CNL Malaysia to offer a comprehensive range of value-added services that are specifically tailored to meet the diverse needs of consumers.

Moreover, our all-in-one international groupage logistics platform CNShip4Shop 嘉泓?環球自購 empowers online shoppers across 12 different Asian destinations, including Malaysia, to seamlessly shop and ship goods from overseas origins. Our recently launched feature “CNBuy", specially designed for the middle class and Generation Z, enables Malaysian consumers to explore and purchase niche and high-quality products on the platform, aligning with their unique needs and aspirations.

Read the full Business Intelligence Report to provide you with more inspiration about Malaysia's business environment: https://www.cnlogistics.com.hk/doc/2023_BI_SEP_v4.pdf

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