The import of multiple-walled insulating units of glass to Malaysia has seen significant growth from 2013 to 2023. In 2013, imports stood at 3.7505 million kilograms and by 2023, this figure had increased to 9.7869 million kilograms. Over this period, the year-on-year variation ranged from a high of 329.05% in 2013 to a low of -12.26% in 2020, reflecting significant fluctuations due to market conditions and potential external influences.
Analyzing recent trends, there has been a steady upward trajectory in imports with a 4.92% increase in 2022 and a 4.6% increase in 2023, showing a resilient recovery post-2020. The compound annual growth rate (CAGR) over the last 5 years stands at 5.44%, indicating moderate but consistent growth.
Future trends forecasted till 2028 suggest a continued increase in imports, with the forecasted 5-year CAGR at 3.24% and an overall growth rate of 17.31%. This indicates a positive outlook and steady demand for multiple-walled insulating units of glass in Malaysia.
- Robust growth in 2013-2023, with a notable recovery in recent years.
- Steady year-on-year variations showing resilience post-2020.
- Average annual growth rate suggesting consistent demand.
- Projection indicates continued moderate growth through 2028.
Future trends to watch for include the impact of technological advancements in glass manufacturing, potential changes in building regulations promoting energy efficiency, and macroeconomic factors influencing construction and infrastructure development in Malaysia.
