In 2023, Malaysia's import value of liquefied ethylene, propylene, butylene, and butadiene stood at $38.5 million. The forecast for subsequent years shows a steady increase: $39.971 million in 2024, $41.557 million in 2025, $43.111 million in 2026, $44.634 million in 2027, and $46.127 million in 2028.
Year-on-year variations indicate:
- From 2023 to 2024: 3.82%
- From 2025 to 2026: 3.74%
Over the last two years, the average variation was 3.78%. From 2024 to 2028, the average annual growth rate (CAGR) is estimated at 3.63%.
Future trends to watch for include global price fluctuations, changes in manufacturing capacities, and potential geopolitical influences on trade policies. Moreover, technological advancements in production and sustainable practices in the chemical industry could significantly impact import values and trends.
