The import of softwood plywood to Malaysia exhibited fluctuating trends from 2013 to 2023. Starting from 237.0 thousand cubic meters in 2013, the volume dipped significantly by 21.51% in 2014 and experienced a further decline until 2016. The trend saw a notable uplift in 2018, with a dramatic rise of 137.87% which led to a volume peak of 406.46 thousand cubic meters. This upward pattern largely persisted, with some minor fluctuations, culminating in 427.88 thousand cubic meters in 2023, marking a year-on-year growth of 4.24%. The last CAGR over the past five years was 1.03%, reflecting moderate annual growth.
Looking ahead, the forecast data indicates a consistent upward trajectory through 2028, driven by an expected CAGR of 3.02% and a forecast 5-year growth rate of 16.07%. By 2028, the import volume is projected to reach 518.82 thousand cubic meters.
Future trends to watch for:
- Sustained demand growth driven by construction and manufacturing sectors.
- Potential impact of trade policies and tariffs on import volumes.
- Environmental regulations affecting raw material sourcing and import activities.
- Technological advancements in plywood production and alternatives.
- Economic fluctuations influencing investment in infrastructure projects.
