Based on the data, the import of Propylene Copolymers to Malaysia experienced fluctuating trends from 2013 to 2023, standing at 79.218 million kilograms in 2023. Highlighting significant year-on-year variations: a notable increase of 11.84% in 2013, subsequent declines and growths, a sharp drop of 14.89% in 2020, recovery with a 17.24% increase in 2021, and a recent moderate rise of 2.23% in 2023. The CAGR over the last five years (2018-2023) was 2.91%, indicating moderate annual growth from recent lows.
Future forecast (2024-2028) points to a steady increase with a five-year CAGR of 1.72% and growth rate of 8.87%, portraying optimistic, yet tempered growth expectations.
Future trends to watch for:
- Economic and industrial growth impact on import demand.
- Shifts in global trade policies and tariffs.
- Sustainability trends influencing material choice.
