Current Forecast Data:
- 2024: $59.936 million
- 2025: $58.183 million
- 2026: $56.465 million
- 2027: $54.782 million
- 2028: $53.131 million
Year-on-Year Variations:
- 2025: -2.93%
- 2026: -2.95%
- 2027: -2.98%
- 2028: -3.01%
Compound Annual Growth Rate (CAGR) 2024-2028: -2.97%
Future Trends
The continuous year-on-year decline in the import value of radio and radio-telephony receivers to Malaysia suggests a declining trend in demand. Factors such as technological advancements in communication and entertainment devices, which may reduce the need for traditional radio devices, and potential changes in consumer preferences are critical trends to monitor in the coming years.
