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Business Trip to Malaysia: Local Market Investigating and Discover

Author:Hansms Click: Time:2024-05-20 08:30:00



1. Basic information about Malaysia


Malaysia is an island nation of 34 million people, with its cities and population concentrated on the western coast.The average age of the population is 31 years and the fertility rate is 1.76 %.  78.3 % of the population is urban (26,866,688 people in 2023) 


The initial Malaysia Happiness serves as proof of the general happiness common among Malaysians indicating a happy level overall.


The comprehensive study, conducted across various demographic groups and geographic regions, explored the physical, social, emotional, and spiritual aspects of life.


Notably, the findings highlight Malaysians'strong familial bonds, with the family component receiving the highest index score, followed closely by religion, spirituality, and health.

 

2. Kuala Lumpur's human and economic environment

 

For example,Kuala Lumpur is a modern city with a strong religious flavour. Churches and temples are dotted around the city.This makes the local culture complex. You may come across a Catholic church at one intersection and a Buddhist temple at the next.

 

Malaysia is a multi-ethnic Southeast-Asian country with a wide variety of ethnic groups, including Chinese, Indians, Malaysian, Africans, etc.

 

Away from the city, the outskirts of the city have an abundance of historical buildings, small factories and warehouses. This also shows the industrialisation history of the country. Compared to the city centre, the outskirts of the city have a relatively larger proportion of Malay locals.

 

In order to cater to the market, it is important to cater to the lifestyle of each group of people. The overall culture of Malaysia is conservative, which means that Malaysian mothers will select the products with more conservative in appearance, colour (preferring to be non-descript, close to skin tone or less contrasting with skin tone).


 



KLCC Shopping Mall

3.Maternal and child markets and current demand

 

Malaysia's mother and baby market is trending positively at this moment..With its national government encouraging the development of healthcare-related industries. Included mother and baby products.

 

Besides, the traffic situation in the cities is getting worse due to the increase in population and vehicles, which is also reflected in the demand of consumers: they need mother and baby products that can be operated in their own cars.

Therefore, in order to meet the demand, our design direction turn to developing the product with miniaturisation, portability and high operability for this market.

 

During this business visit, we found that in addition to the direction of miniaturisation and portability, there is another direction in this market: multiple options, high quality, and easy to clean. A large number of consumers report cleaning problems with products such as pump storage bottles and the silicone sheet. This problem has existed in the industry for a long time, so how to upgrade products has become the next stage of the direction to be considered. This also opens up a new way of thinking, which is to move in the direction of convenient cleaning and deep cleaning.

 

There are new findings in the feedback from our customers. Most of them wanted to develop their local market for large diameter flange adapters. They said that although this market is not large, but if we can provide the corresponding specifications of products, will be very good to develop this market. The brands that are currently on the market for this specification are large international brands, which tend to be more expensive. Because there is no more option, the consumer of this market are more sticky.

 

Composite multifunctional also gradually become the object of customer favour. As a specific product, not only its own fixed attributes, but also having some relevant additional attributes will make this product have a higher value. As those all-in-one products, users will think it would be a good deal because they don’t need to be distressed for buying a new one machine just for that one feature.

 

4.Our Strategic Direction

 

Our strategy is to realize the expansion and retention of the market in accordance with the current economic developments and considerations for the Malaysian market.

 

We will continue to develop new business partner and form a stable sales network in this market. We are actively looking for potential partners to win the hearts of Malaysian mothers through brand partnerships and high quality products.

 

In addition, we actively receive and understand feedback from our distributors and consumers, analyse the problems in the feedback, and make solutions according to the needs.

 

At the same time, we are also actively developing new products for the local market to meet the various local needs .

We sincerely welcome any business partners who would like to cooperate with us, and look forward to meeting you in the future.

 

 

 

 

 


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Tel:+86 757 2381 2319

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