Forecast: Import of Ethylene Glycol (Ethanediol) to Malaysia

The import of Ethylene Glycol (Ethanediol) to Malaysia has shown significant fluctuations from 2013 to 2023, with a notable peak in 2013 and a major decline in the following years. A slight recovery was observed in 2017 and 2018, but the trend has generally been downwards since 2019. As of 2023, the import volume stood at 16.303 million kilograms, representing a 3.35% year-on-year decrease. Over the last two years, the import value has seen a reduction of 3.31% and 3.35%, respectively. The 5-year CAGR until 2023 was -6.83%, indicating a steady decline in imports.

Future trends to watch for:

  • Further decline expected with a forecasted 5-year CAGR of -3.17%.
  • Continued decrease in total import volume, projecting to 13.352 million kilograms by 2028.
  • Potential impacts from changes in global production and market demand for Ethylene Glycol.
  • Possible influence of regulatory changes or trade policies affecting import dynamics.

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