The import of hair shampoos to Malaysia saw a declining trend from 2013 to 2015, with values decreasing from 78.379 million USD in 2013 to 54.916 million USD in 2015. A fluctuation occurred from 2016 to 2020, with a dip in 2020 to a value of 60.883 million USD. However, the subsequent years showed a positive growth trend, with the import value rising to 67.661 million USD by 2023. The forecasted data from 2024 to 2028 suggests a continued modest growth, with the value reaching 73.758 million USD by 2028.
Year-on-year percentage variations from the last two years (2022 and 2023) showed minor increments of 1.82% and 1.76%, respectively. The Compound Annual Growth Rate (CAGR) over the last five years is 1.59%. The forecasted CAGR from 2024 to 2028 is estimated to be 1.36%, with an overall growth rate of 6.98% over the next five years.
Future Trends to Watch For:
- Increased variety and innovation in hair shampoo products, particularly natural and organic options.
- Potential economic impacts and currency fluctuations affecting import values.
- Changes in consumer purchasing behavior and preferences.
- Regulatory changes in Malaysia or exporting countries that might impact trade.
