Based on the provided data, the import of glass-ceramic ware for table kitchen to Malaysia experienced notable fluctuations over the past decade. The highest value was recorded in 2013 at 8.3244 million US dollars, while subsequent years showed significant volatility, including a sharp drop of 72.76% in 2014 and varying year-on-year changes thereafter. By 2023, the value stood at 2.9438 million US dollars, reflecting a steady decline in the preceding years.
Key Variations:
- 2021: Increased by 19.69% compared to the previous year.
- 2022: Decreased by 0.65% compared to the previous year.
- 2023: Decreased by 0.64% compared to the previous year.
Compound Annual Growth Rate (CAGR):
- Last 5 years: 1.65% per year.
- Next 5 years (forecast): -0.54% per year.
Future trends to watch for: The forecast suggests a gradual decline in import values, with a 5-year CAGR of -0.54%. Factors influencing this trend could include changes in local production capacities, shifts in consumer preferences, technological advancements, and trade policies. Monitoring these aspects will be crucial for predicting future market behavior.
