The production of liquid aerosol insecticides in Malaysia has shown a significant decline over the past few years, with a notable decrease from 2022 onwards. The year-on-year variation indicates a sharp drop of -13.81% in 2022, followed by a smaller yet significant decrease of -7.6% in 2023. The Compound Annual Growth Rate (CAGR) has been negative over the last five years, averaging -6.64% from 2023, demonstrating a consistent downward trend. The forecast for the next five years predicts an even steeper decline, with a forecasted 5-year CAGR of -11.11% leading to a -44.51% reduction in production by 2028.
Future trends in the liquid aerosol insecticides market in Malaysia may include increased regulatory pressures, shifts towards more environmentally friendly alternatives, and changes in consumer behavior. These factors could further impact production volumes and demand.
