Key Market Indicators
Malaysia's importation of aromatics is projected to escalate to $1.8 million by 2028, rising from $1.5 million in 2023. This marks an average annual growth rate of 3.3%. Over the years, the country's demand for aromatics has been on a steady incline, increasing by 1.6% annually since 1994. On the export front, Malaysia saw a remarkable surge in aromatic exports. In 2018, the export value soared to $89,450, a staggering 473% increase from $15,610 in 2017. This significant growth reflects a broader trend, with Malaysian aromatic supply rising by an average of 112% each year since 1994.
