Over the past decade, the import of mats of glass fibres to Malaysia has shown fluctuations, initially increasing from 4.6082 million kilograms in 2013 to 6.173 million kilograms in 2023. Key trends include a significant dip in 2015 followed by a steady rise. The most notable increase occurred in 2021, with a year-on-year variation of 23.95%. For 2024, imports stand at 6.3456 million kilograms, with forecasted data signifying a continuing upward trend reaching 6.9942 million kilograms by 2028.
- The average annual growth rate (CAGR) over the past five years is calculated at approximately 2.36%.
- Forecasted data from 2024 to 2028 suggest an average annual growth rate of around 1.97%, with a total growth of 10.22% predicted by 2028.
Future trends to watch for include potential impacts of global supply chain disruptions, advances in glass fibre technology, and Malaysia's evolving industrial needs, which could alter import demands and growth rates in the coming years.
