The import value of cotton waste to Malaysia in 2023 stood at approximately 19.5 million USD. The forecast for 2024 to 2028 shows a consistent increase. In 2024, the import value is expected to be 20.242 million USD, demonstrating a year-on-year increase of approximately 3.8% compared to 2023. For 2025, an expected value of 20.991 million USD indicates a 3.7% increase from 2024. The trend continues with 2026 at 21.726 million USD, reflecting a 3.5% rise from 2025. In 2027 and 2028, the values are projected to be 22.445 million USD and 23.151 million USD, showing increases of 3.3% and 3.1% respectively. The Compound Annual Growth Rate (CAGR) over the last five years averages around 3.5%.
Future trends to watch for include potential changes in global cotton demand and production that could affect Malaysia's import needs. Additionally, sustainability practices and recycling efforts may influence the dynamics of the cotton waste market.