The export volume of Acrylonitrile-Butadiene-Styrene (ABS) Copolymers from Malaysia has experienced fluctuations over the past decade. After a period of decline from 2013 to 2014, the volumes saw minor improvements and increased appreciably from 2016 to 2018, peaking at 283.56 million kilograms in 2018. However, there was a downturn in 2019 and 2020, followed by a recovery phase from 2021 onward. In 2023, the export volume reached 297.11 million kilograms, marking a slight year-on-year increase of 2.23%. The Compound Annual Growth Rate (CAGR) over the past five years (2019-2023) has been a modest 0.94%.
Looking forward, the forecasted data from 2024 to 2028 suggests steady growth, with the annual export volume expected to reach 330.14 million kilograms by 2028. The forecasted five-year CAGR stands at 1.72%, indicating a gradual but stable growth trajectory. The forecasted five-year growth rate is projected at 8.88%.
Future trends to watch for include the potential impacts of environmental regulations on plastic usage, advancements in recycling technologies, and shifts in global demand patterns driven by industries transitioning towards sustainable alternatives. Additionally, trade policies and economic conditions could further influence the export dynamics of ABS copolymers from Malaysia.
