From 2013 to 2023, Malaysia's fibreboard production saw fluctuations, peaking in marginally in 2023 with a production value of 1.6361 million cubic meters. The trend was largely stable from 2013 to 2016 at 1.657 million cubic meters before decreasing slightly from 2017 to 2022. A noticeable increase occurred in 2023 with a year-on-year growth of 4.88%, resulting in a CAGR of 0.96% over the last five years.
Looking forward to the years 2024 through 2028, a steady increase in fibreboard production is forecasted. By 2028, production is expected to reach 1.9241 million cubic meters, reflecting a 5-year CAGR of 2.57% and a total growth rate of 13.53% over this period.
Future trends to watch for:
- Increasing demand for sustainable and eco-friendly construction materials.
- Technological advancements to improve production efficiency and reduce costs.
- Potential impacts of regulatory changes and environmental policies on production processes.