Forecast: Import of Artificial Flowers, Foliage and Fruit to Malaysia

The import of artificial flowers, foliage, and fruit to Malaysia has exhibited substantial growth from 2013 to 2023, rising from 4.49 million USD to 24.76 million USD. The market experienced a significant spike in 2015, dramatically increasing by 346.72% year-on-year. Despite a minor dip in 2017, the growth continued with a steady pace of about 4.79% in 2023. Over the past five years, the compound annual growth rate (CAGR) has averaged 5.52%, indicating consistent upward momentum.

For the future:

  • Expect a moderate growth trend with a forecasted 5-year CAGR of 3.07%.
  • Anticipated total growth rate over the next five years is 16.3%, suggesting ongoing industry resilience.
  • Watch for macroeconomic factors, evolving consumer preferences, and advancements in product quality which may influence import volumes.

Top Countries about Flower