The import value of Footwear With Uppers of Leather to Malaysia showed significant fluctuations from 2013 to 2023. In 2023, the import value stood at 188.92 million USD. The year-on-year variations reveal several peaks and troughs, with a notable jump in 2015 by 54.08%. However, periodic declines were observed, including a -1.36% dip in 2020. Recent years have shown steadier growth, with 2022 and 2023 experiencing year-on-year increases of 3.42% and 3.24% respectively. The compound annual growth rate (CAGR) over the last five years averaged 2.39%, indicating a moderate growth trend.
Future trends to watch for include potential impacts of global economic fluctuations, shifts in consumer preferences, and potential trade policy changes. The forecasted CAGR of 2.39% from 2024 to 2028 suggests a steady, albeit slow, growth trajectory in the coming years.
