Over the past decade, Malaysia's imports of pigments for paint, stamping foils, and dyes have demonstrated significant fluctuations. In 2013, the import value stood at 32.667 million USD, experiencing a notable dip in 2014 and 2015 before rebounding sharply in 2016. From 2017 onwards, the import values showed relative stability with a consistent upward trend, culminating in 43.115 million USD in 2023. In percentage terms, the year-on-year variation between 2022 and 2023 was 1.78%, while the average annual growth rate (CAGR) over the last five years has been 1.97%.
Looking ahead, the forecast data suggests a continued increase in the import value, with expected values reaching up to 46.934 million USD by 2028. This represents a forecasted 5-year CAGR of 1.39% and an overall growth rate of 7.17% from 2023 to 2028.
Future trends to watch for include potential impacts of raw material price fluctuations, technological advancements in dye and pigment production, and shifts in global trade policies which may further influence import patterns and market dynamics in Malaysia.
