The import of moulded or pressed articles of paper pulp to Malaysia has shown significant fluctuations between 2013 and 2023, with a notable increase from 744.94 thousand kilograms in 2013 to 1683.3 thousand kilograms in 2023. There were sharp declines in 2014 and 2019, indicating periodic volatility. However, the overall growth trend remains positive, highlighted by a 75.47% CAGR in 2013 and a stabilization around a 2.75% CAGR over the past five years up to 2023. The latest year-on-year growth was 4.67% from 2022 to 2023.
Over the past five years, from 2018 to 2023, imports have increased at an average rate of 2.75% per year. The forecasted data suggests continued growth, with a projected five-year CAGR of 3.29% and a forecasted total import volume of 2075.9 thousand kilograms by 2028.
Future trends to watch for include:
- Potential fluctuations due to global supply chain disruptions or trade policy changes.
- Increasing demand driven by sustainability initiatives and the shift away from plastic packaging.
- Technological advancements in paper pulp moulding that could impact import volumes.
