The value of parts of brushes imported to Malaysia is projected to consistently increase from 2024 onwards. Starting at 54.327 million USD in 2024, the forecast values rise to 56.714 million USD in 2025, 59.054 million USD in 2026, 61.347 million USD in 2027, and 63.594 million USD in 2028. This represents a steady year-on-year growth pattern.
In 2023, the actual import value stood as the reference point for this analysis. From 2024 to 2025, the import value sees a year-on-year growth of approximately 4.4%. From 2025 to 2026, the growth rate is about 4.1%, and it further maintains an average yearly increase of around 3.9% from 2026 to 2027, and 3.7% from 2027 to 2028. Over the last two years, the cumulative growth is roughly 8.3%. The Compound Annual Growth Rate (CAGR) for the period from 2024 to 2028 is about 3.85%.
Future trends to watch for include potential changes in manufacturing technologies, shifts in trade policies, and fluctuations in global supply chains. Monitoring these elements will be critical for anticipating further changes in import volumes and values.