The import value of waterproof footwear to Malaysia has seen a robust increase from 2013 to 2023, rising from 6.8661 million USD to 25.254 million USD. The imports saw a significant spike in 2017, followed by steady growth in subsequent years. Over the last five years leading up to 2023, the average annual growth rate (CAGR) was 4.97%. Year-on-year variations indicate a relatively stable growth pattern, with a 5.18% increase noted for 2023 compared to the previous year.
In the coming years, the forecasted data suggests a consistent upward trend, reaching 31.126 million USD by 2028. The forecasted five-year CAGR stands at 3.3%, indicating sustained, albeit slower growth compared to the recent past. Future trends to watch for include potential shifts in market dynamics due to economic factors, trade policies, and consumer preferences for waterproof footwear in Malaysia.
