Analyzing the import of adhesives based on rubber or plastic to Malaysia, the forecast for 2024 shows an import value of 84.001 million USD. This increases progressively each year, reaching 97.595 million USD by 2028. In 2023, the actual import value stood at approximately 80 million USD. From 2023 to 2024, there's a notable year-on-year increase of 5%. The subsequent years show an average annual growth rate of about 3.8% (CAGR) over the forecast period. This consistent upward trend indicates a steady growth in demand for these adhesives in Malaysia.
Future trends to watch for include increasing industrial activities, advancements in adhesive technologies, and potential shifts in regulatory policies impacting the import and use of such materials. Additionally, economic factors and trade agreements may further influence import volumes and values in the coming years.
