In 2024, the forecasted import value of statuettes and other ornamental ceramic articles to Malaysia is 7.7009 million USD, marking the beginning of a consistent upward trend. By 2025, the value is expected to grow by 3.50% from the previous year, reaching 7.9699 million USD. The following years show continuous growth: 8.2335 million USD in 2026 (up by 3.31%), 8.4918 million USD in 2027 (up by 3.13%), and 8.745 million USD in 2028 (up by 2.99%). This presents a compound average growth rate (CAGR) of approximately 3.24% over the five-year period.
The import statistics for 2023 were recorded at 7.44 million USD, indicating a transition from actual to forecasted data in 2024. Year-on-year variations over the last two years demonstrate steady growth.
Future trends to watch for include potential shifts in consumer preferences towards sustainable and eco-friendly materials, as well as fluctuations in global trade policies which could impact import dynamics. Additionally, emerging markets and evolving design trends could significantly influence future import volumes and values.
