The import of parts for domestic non-electric thermic appliances to Malaysia stood at $6.991 million in 2023. Forecasted data suggests a steady increase from 2024 to 2028, with values rising from $7.0287 million to $7.1866 million. Year-on-year percentage variation from 2024 to 2028 shows incremental growth ranging around 0.6%, reflecting a stable upward trend. The compound annual growth rate (CAGR) over the five years from 2024 to 2028 is approximately 0.7%, indicating modest but consistent growth.
Future trends to watch for include potential shifts in global trade policies, local manufacturing capacities, and advancements in thermic appliance technology, which could impact import needs and values. Additionally, currency fluctuations and economic conditions in both Malaysia and exporting countries might influence future forecasts.
