Year-on-Year Variation (Last Two Years)
2022: 10.18%
2023: 4.38%
Compound Annual Growth Rate (CAGR)
2018-2023: 4.61%
2023-2028 (Forecasted): 3.13%
Overall Trends
From 2013 to 2023, exports of pigments for paints and dyes packaged for retail from Malaysia showed a general upward trend, albeit with fluctuating growth rates. Despite a significant drop in 2020, the market recovered, and growth persisted.
Future Trends
Looking ahead to 2024 and beyond, the market is expected to maintain a steady growth trajectory, with a forecasted 5-year CAGR of 3.13%. Key trends to watch include potential fluctuations in global demand, regulatory changes, and advancements in pigment technology which may influence export volumes.
