Between 2013 and 2023, the import of plastic apparel and clothing accessories to Malaysia showed a mix of robust growth and volatility. Starting at 2.0187 million kilograms in 2013, the imports generally trended upward, reaching 3.9117 million kilograms in 2023. Notable spikes include a 46.91% increase in 2016 and a 28.44% rise in 2015, contrasted by some years of decline like the 22.55% drop in 2017. The year-on-year variation over the past two years stood at 3.22% in 2022 and 3.06% in 2023, while the CAGR over the last five years averaged 3.78%. Forecasts for 2024 to 2028 project a steady growth with a compound annual growth rate (CAGR) of 2.27%, leading to an 11.87% increase over this period.
Future trends to watch for include:
- Technological advancements in plastic apparel manufacturing
- Environmental regulations impacting plastic use
- Market dynamics in consumer preferences for eco-friendly products
- Potential trade policies affecting import flows
