In recent years, the Malaysian market has been experiencing a steady increase in the import of Gypsum and Anhydride. As we step into 2024, our forecasts predict continued growth in this sector. The value of imports in 2023 stood at approximately $34.004 million. The year-on-year percentage variations exhibit a consistent upward trend: 2025 is forecasted to see a 1.53% increase from 2024, followed by a 1.47% increase in 2026, a 1.43% increase in 2027, and a 1.38% increase in 2028. The CAGR over the five-year period from 2024 to 2028 is approximately 1.45%.
Future trends to watch for include the potential impact of new construction projects and government regulations on the demand for Gypsum and Anhydride. Additionally, shifts in global trade policies and the availability of raw materials could also influence import levels. Monitoring these factors will be crucial for anticipating market changes and making informed business decisions.
