The import of Composite Paper and Paperboard to Malaysia has shown a fluctuating trend over the past decade. From 2013 to 2023, the values fluctuated significantly, with notable drops in 2014 and 2015, followed by a peak in 2017. A decline was again observed in 2018, but a recovery and relatively stable growth occurred from 2019 onwards. By 2023, the import value stood at $17.542 million, representing a modest 2.76% year-on-year increase. The Compound Annual Growth Rate (CAGR) from 2019 to 2023 was 5.05%, indicating steady growth.
Looking at the forecast from 2024 to 2028, the trend is expected to continue upwards, albeit at a slower average annual growth rate, forecasted at 2.06% CAGR. By 2028, the import value is projected to reach $20.002 million, reflecting a cumulative growth rate of 10.76% over the five-year period.
Future trends to watch for in the Malaysian market include:
- Potential impact of trade policies and tariffs on import levels.
- Technological advancements in paperboard manufacturing that might influence import needs.
- Environmental regulations that could affect composite paper and paperboard consumption and imports.
- Shifts in global supply chain dynamics, especially in key supplier countries.
