Between 2013 and 2023, the import of ceramic, glass pigments, opacifiers, colours, and enamels to Malaysia has seen fluctuating trends with significant year-on-year variations. Despite these fluctuations, 2023 stood at 127.85 million USD. Notable variations include a substantial increase in 2017 (30.68%) and a notable decline in 2020 (-14.63%). Over the last five years leading up to 2023, the average annual growth rate (CAGR) was 2.66%.
In the forecast period from 2024 to 2028, the import value is expected to rise consistently, reaching approximately 143.64 million USD by 2028, with a forecast 5-year CAGR of 1.89% and an overall growth rate of 9.8%.
Future trends to watch for:
- Potential impacts of global supply chain dynamics and trade policies on import values.
- Technological advancements and innovations within the ceramic and glass pigment industries.
- Environmental regulations and sustainability measures influencing production and import practices.
- Consumer demand shifts due to changing design trends and material preferences in related industries.
