Register Malaysia Company (Sdn Bhd) 注册马来西亚私人有限公司 Sdn Bhd / Strike Off Company 公司注销 / 关闭公司
Register Malaysia Company (Sdn Bhd) 注册马来西亚私人有限公司 Sdn Bhd / Strike Off Company 公司注销 / 关闭公司
Malaysian consumers are notably price-sensitive, with a strong inclination towards discounts and promotional events. This behavior is evident in the popularity of major sales events such as Chinese New Year, Hari Raya, Singles’ Day, Black Friday, and End-of-Year (EOY) sales, which attract both local and international shoppers. For instance, during Singles’ Day in 2023, Malaysia experienced a 156% increase in sales, reflecting similar trends across Southeast Asia.
A significant portion of Malaysian consumers actively compare prices before making purchases. This tendency is particularly strong among individuals aged 45 to 54, with 81% in this age group seeking the best deals. Additionally, 42% of Malaysian consumers consistently engage in price comparisons.
When it comes to paying a premium for quality products, Malaysian consumers exhibit varied behaviors. A survey indicates that 23% of respondents are willing to pay more for high-quality items, while 44% would only occasionally do so. This suggests that, although quality is valued, price remains a critical factor in purchasing decisions.
Younger consumers, particularly those aged 18 to 34, are proactive in seeking better value. Approximately 83% of this demographic actively look for superior deals and are open to exploring new products or brands that offer better value. This group is highly responsive to digital marketing strategies that highlight discounts and promotions.
The emphasis on value for money is prominent in specific categories, including toys, games, and hobbies (44%), groceries (38%), and sports and outdoor products (35%).
In summary, while quality is a consideration for Malaysian consumers, price sensitivity significantly influences their purchasing behavior. Brands aiming to capture this market should focus on competitive pricing strategies and leverage promotional events to attract and retain customers.
Philippines