The import of moulds for glass to Malaysia exhibits a fluctuating trend in terms of volume over the past decade. In 2023, the import volume was recorded at 158.86 thousand kilograms. Notably, 2013 to 2023 saw considerable year-on-year variances, with the highest increase of 103.96% in 2015 and the sharpest decline of 47.86% in 2014. Over the last two years, imports slightly decreased by 0.78% each year. For the last five years, the Compound Annual Growth Rate (CAGR) has shown a subtle decrease, indicating a slight downward trend.
The forecasted data from 2024 to 2028 suggest a continued slow decline at a forecasted CAGR of -0.66%, with total growth rate seeing a reduction of -3.26% over the five-year forecast period. By 2028, the import volume is anticipated to be 152.35 thousand kilograms.
Future trends to watch for:
- Technological advancements in glass production could affect the demand for moulds.
- Changes in domestic production capabilities could influence import volumes.
- Global economic conditions and trade policies may impact the import market.
