In 2023, Malaysia imported a total of 2.4104 million kilograms of tableware and kitchenware of wood. The forecasted data from 2024 to 2028 shows a consistent increase in import volume. Specifically, the import volume is expected to grow from 2.5102 million kilograms in 2024 to 2.9059 million kilograms by 2028.
Year-on-year variation indicates a steady growth in imports:
- 2024: 4.14%
- 2025: 4.05%
- 2026: 3.83%
- 2027: 3.61%
- 2028: 3.41%
Over the last two years, import volumes increased by an average of 3.97% annually. The compound annual growth rate (CAGR) across these five years is approximately 3.81%.
Future trends to watch for include potential shifts in consumer preferences towards sustainable and eco-friendly products. This could further drive up the demand for wooden tableware and kitchenware. Additionally, monitoring trade policies and international relations will be crucial as they might impact import volumes.
