The import of aluminium foil to Malaysia has shown varied trends from 2013 to 2023. In 2023, the import value stood at 271.49 million USD. Between 2013 and 2015, there was a fluctuating trend with an initial increase followed by a decline. From 2016 onwards, despite slight drops in some years, the overall trend has been an increasing one. Notably, there was a significant rise in 2018 and 2021. The year-on-year variation for the last two years (2022 and 2023) was 3.2% and 3.04%, respectively, whereas the CAGR for the past five years is registered at 2.33%.
Future forecasts indicate continued growth. The import value is expected to reach 313.37 million USD by 2028, with a forecasted 5-year CAGR of 2.26% and an overall growth rate of 11.8% in this period.
Future trends to watch for:
- Potential impacts of any tariff changes or trade agreements in the region.
- Shifts in domestic production capabilities which may affect import reliance.
- Advancements in recycling technology which could alter demand for new aluminium foil imports.