Key Market Indicators
KUALA LUMPUR, Malaysia – Malaysia's plastic export industry is projected to hit $12 billion by 2028, up from $10.5 billion in 2023, marking an average annual growth rate of 2.2%. The steady rise in plastic exports has been consistent since 1994, with the industry recording a 2.1% year-on-year increase over the past decades. In parallel, Malaysia's plastic imports are expected to reach $11.5 billion by 2028, ascending from $10 billion in 2023, translating to an average yearly growth rate of 2.3%. Since 1994, the demand for plastic imports has climbed steadily, registering a 2.7% year-on-year growth rate.
