From 2013 to 2023, Malaysia's import volume of basic dyes and preparations has experienced fluctuations, culminating at 645.6 thousand kilograms in 2023. Year-on-year variations included significant increases such as 40.07% in 2016 and declines like -21.28% in 2015. A notable rise was seen again in 2021 and 2022, with 18.52% and 8.8%, respectively. The most recent year-on-year increase for 2023 was 3.18%. The compound annual growth rate (CAGR) over the last five years (2018-2023) was 3.51%.
Future trends to watch for:
- Continued moderate growth with a forecasted 5-year CAGR of 2.37% from 2024 to 2028.
- An anticipated total growth rate of 12.4% over the same period.
- Potential market influences such as global supply chain dynamics, raw material costs, and regional economic policies.