Import of domestic dishwashing machines to Malaysia in 2023 stood at 4.35 thousand units. Forecasted values show a steady decline from 3.82 thousand units in 2024 to 1.78 thousand units in 2028. Year-on-year analysis reveals a decreasing trend: from 2024 to 2025 a reduction of approximately 13.9%, from 2025 to 2026 a reduction of approximately 15.5%, from 2026 to 2027 a reduction of approximately 18.3%, and from 2027 to 2028 a reduction of approximately 21.6%. The Compound Annual Growth Rate (CAGR) for the period from 2024 to 2028 is approximately -17.3%, indicating a significant average annual decline.
Future trends to watch for include:
- Shifts in consumer preferences towards energy-efficient and environmentally friendly domestic appliances.
- Potential increases in domestic production capacity reducing reliance on imports.
- Economic factors such as inflation, exchange rates, and purchasing power affecting domestic market dynamics.
- Technological advancements in dish washing machines lowering maintenance costs and increasing demand.