Since 2013, Malaysia's import of ether-phenols, ether-alcohol-phenols has demonstrated significant volatility. Peak imports were observed in 2014 with a substantial 153.09% year-on-year increase. Conversely, 2015 and 2016 experienced marked declines. The data shows a recovery trend beginning in 2017, with periodic fluctuations. In 2023, the volume stood at 132.45 thousand kilograms, showing a slight increase of 0.97% from the previous year. The compound annual growth rate (CAGR) from 2018 to 2023 was -0.96%. Forecasts suggest stable growth at an average CAGR of 0.77%, reaching up to 139.08 thousand kilograms by 2028.
Future trends to watch for:
- Market demand shifts driven by industrial applications and technological advancements.
- Regulatory changes impacting import and usage of chemical products.
- Global supply chain dynamics and international trade policies.
- Environmental considerations and sustainable practices affecting manufacturer choices.
