The import of Propylene Glycol (Propane-1,2-Diol) to Malaysia has been forecasted to steadily increase from 18.798 million kilograms in 2024 to 20.191 million kilograms by 2028. In 2023, the actual import value stood at 18.461 million kilograms. The year-on-year variation indicates a consistent growth pattern: 1.91% from 2024 to 2025, 1.83% from 2025 to 2026, 1.76% from 2026 to 2027, and 1.70% from 2027 to 2028.
From 2023 to 2028, the Compound Annual Growth Rate (CAGR) is projected to be approximately 1.80%, reflecting a stable upward trend in import volume.
- **Future trends to watch for:**
- Potential market fluctuations due to global economic conditions.
- Technological advancements and their impact on production and demand.
- Policy changes in Malaysia regarding chemical imports which could affect trade dynamics.
