The import of Ethylene Glycol (Ethanediol) to Malaysia is projected to follow a slight downward trend from 2024 to 2028. In 2023, the imports stood at 21.150 million US Dollars, with forecast values showing a consistent decrease year-on-year: -0.94% in 2024, -0.94% in 2025, -0.93% in 2026, -0.92% in 2027, and -0.91% in 2028. The Compound Annual Growth Rate (CAGR) indicates an average annual decline of approximately -0.93% over the forecast period.
Future trends to watch for include:
- Potential shifts in global supply chains and their impact on import volumes.
- Emerging technological advancements in the production of ethylene glycol, possibly affecting domestic manufacturing capabilities.
- Changes in regulatory policies and environmental standards that might influence import requirements.