The import of rolled aluminium foil to Malaysia has shown considerable variation over the past decade. From 2013 through 2023, imports demonstrated an initial decline followed by notable growth and subsequent minor fluctuations. Specifically, imports stood at USD 97.497 million in 2023. The year-on-year variation from 2022 to 2023 was a modest 3.1%. Observing the last five years, the Compound Annual Growth Rate (CAGR) indicates a steady increase, averaging at 2.37% per year.
Looking forward, the forecast indicates that imports of rolled aluminium foil will continue to grow, expecting to reach USD 112.93 million by 2028. This forecast period from 2024 to 2028 is projected to see an average annual growth rate of 2.29%, which represents an overall growth of 11.98%.
Future trends to watch for include potential impacts of global economic shifts, technological advancements in aluminium packaging, and changes in trade policies which may affect both demand and supply dynamics. Moreover, sustainability concerns and increased focus on recyclable materials might drive changes in import patterns.
