Based on the data, Malaysia's textiles exports to China are projected to grow steadily from 2024 to 2028, with a value increase from 244.04 million USD in 2024 to 278.88 million USD in 2028. Currently standing at 220 million USD in 2023, this forecast indicates a compound annual growth rate (CAGR) of approximately 3.7% from 2024 to 2028. The year-on-year variations are as follows:
- 2024: +10.9%
- 2025: +3.7%
- 2026: +3.5%
- 2027: +3.3%
- 2028: +3.1%
Future trends to watch for include the impact of potential trade agreements between Malaysia and China, fluctuations in global textile demand, and any shifts in Chinese import policies. Emerging technologies in textile manufacturing and sustainable practices could also influence future export patterns.
