The import of laminated safety glass for non-vehicle use to Malaysia has seen significant fluctuations over the years. From 2013 with a notable 152.28% increase, the value rose to a peak in 2014 before encountering a series of downturns and moderate recoveries. By 2023, the value stood at 6.4288 Million US Dollars, marking a modest 0.94% year-on-year increase from 2022. The average annual growth over the last five years (CAGR) was recorded at 9.76%.
From 2024 onwards, the forecasts suggest a steady but slow rise in import values, reaching 6.7423 Million US Dollars in 2028, with a forecasted 5-year CAGR of 0.75%. This indicates a stabilization in import values, reflecting a cautious but hopeful outlook.
Future trends to watch:
- Technological advancements in glass manufacturing could influence the demand dynamics.
- Economic and construction sector growth in Malaysia will impact import volumes.
- Changes in global trade policies and tariffs may affect import costs and supply chains.
