Singapore's rubber and plastic products exports to Malaysia are forecasted to decline incrementally from 2024 to 2028. In 2023, the exports were recorded at 523.5 million USD. By 2028, they are expected to decrease to 515.87 million USD, showing a slight year-on-year contraction.
Here are key variations to note:
- 2024 vs 2023: -0.32%
- 2025 vs 2024: -0.29%
- 2026 vs 2025: -0.29%
- 2027 vs 2026: -0.28%
- 2028 vs 2027: -0.28%
- 2028 vs 2023: -1.46% CAGR over the forecast period is -0.29%
Future trends to watch for include potential economic policy changes between Singapore and Malaysia, fluctuations in global rubber and plastic markets, and technological advancements in manufacturing that could affect production costs and pricing strategies. Monitoring these variables will be essential for a comprehensive market outlook.
