The import of plastic statuettes and other ornamental articles to Malaysia has shown a consistent upward trend from 2024 to 2028. In 2023, the volume stood at 1.876 million kilograms. The forecasted data indicates notable year-on-year growth as follows: 2.29% for 2025, 2.20% for 2026, 2.10% for 2027, and 2.02% for 2028. Over the last two years, the variations were positive, reflecting a steady demand. The Compound Annual Growth Rate (CAGR) over the five-year period from 2023 to 2028 is approximately 2.16%, depicting stable and continuous growth.
Future trends to watch for:
-Changes in consumer preferences towards eco-friendly materials which may potentially impact plastic ornament import volumes.
-Global economic factors and trade policies that could affect import dynamics.
-Technological advancements in production and design that may influence market demand.
