In the years leading up to 2023, the import value of Polymethyl Methacrylate (PMMA) to Malaysia experienced significant fluctuations. Starting from a decline in 2013 (-16.29%) and reaching a peak in 2017 with a notable increase of 48.29%, the trend continued to fluctuate with ups and downs. The most recent actual data indicate a minimal year-on-year growth of 1.05% in 2023, standing at 43.059 million US dollars.
Looking ahead based on forecasted data, the CAGR for the next five years is relatively modest at 0.85%, indicating a slow and stable growth trajectory. By 2028, the value is expected to grow to 45.281 million US dollars, reflecting a forecasted 5-year growth rate of 4.33%.
Future trends to watch for include potential shifts in global supply chains, changes in trade policies, and technological advancements in PMMA production that may impact both the volume and value of imports into Malaysia.
