The import of epoxides, epoxy-alcohols, phenols, and ethers to Malaysia showed significant fluctuations from 2013 to 2023. Starting at 329.25 thousand kilograms in 2013, there was robust growth, peaking at varying rates, with notable yearly increases in 2016 and 2017. However, the volume dipped in 2020 to 766.54 thousand kilograms but regained momentum in subsequent years, reaching 988.65 thousand kilograms by 2023.
Year-on-year variation in the last two years indicates a modest growth trend, with 2022 seeing a 7.68% increase and 2023 a 2.2% increase. The Compound Annual Growth Rate (CAGR) over the last five years stands at 1.89%, suggesting a steady, albeit slow, growth trajectory.
Future trends to watch for:
- The forecasted 5-year CAGR is projected at 1.69%, with an anticipated total growth rate of 8.75% by 2028.
- Potential market disruptions or innovations in related industries could influence import volumes.
- Economic factors in Malaysia and key trading partners might impact the demand and supply dynamics of these chemicals.
