The import value of hair lacquers to Malaysia is projected to decline year-on-year from 2024 to 2028. The values in Thousand Kilograms are as follows:
- 2024: 70.53
- 2025: 68.64 (-2.68%)
- 2026: 66.78 (-2.71%)
- 2027: 64.96 (-2.72%)
- 2028: 63.17 (-2.75%)
The compound annual growth rate (CAGR) over this five-year period is approximately -2.72%.
Going forward, the trend indicates a consistent decline in imports. Future trends worth monitoring include changes in consumer preferences, potential regulatory changes affecting import policies, and competitive pressures from local manufacturers or alternative products.
