Based on the data, the forecasted import value of air conditioner parts to Malaysia exhibits a consistent upward trend from 2024 to 2028. The figures show the values increasing from 116.54 million USD in 2024 to 128.85 million USD in 2028. Comparatively, examining year-on-year variation, there is a stable growth rate around 2.72% to 2.83% annually from 2025 onward. The Compound Annual Growth Rate (CAGR) over these five years averages approximately 2.74%.
Key variations:- From 2024 to 2025: approximately 2.72%- From 2025 to 2026: approximately 2.6%- From 2026 to 2027: approximately 2.47%- From 2027 to 2028: approximately 2.37%
Future trends to watch for:- The increasing need for energy efficiency and environment-friendly technologies in air conditioners may drive further innovation and import needs.- Potential economic fluctuations and changes in regulation and tariff policies could impact the import volumes and values.- The growth and development within the Malaysian market and neighboring ASEAN countries may also play a significant role in shaping future import dynamics.