The import of artificial flowers, foliage, and fruit (excluding plastic) to Malaysia has shown a general upward trend from 2013 through 2023, with some fluctuations. In 2023, the import volume stood at 798.48 thousand kilograms. Over the last two years, from 2021 to 2023, the year-on-year variation has been mild, around 1.44%, reflecting relative stability. The compound annual growth rate (CAGR) over the last five years leading up to 2023 is 1.89%, indicating a steady increase overall. Forecasted data from 2024 to 2028 suggests a continued growth with an average annual increase of about 1.03% and a cumulative growth rate of approximately 5.23% by 2028.
Future trends to watch for include:
- Technological advancements in artificial flower production that could influence import volumes.
- Changes in consumer preferences toward sustainable and reusable decor items.
- Potential tariff changes or trade agreements impacting import costs and volumes.
