The import of knotted carpets and floor coverings to Malaysia has shown variability over the years. Starting with a value of $4.212 million in 2013, imports peaked in 2023 at $9.4316 million, showing an overall upward trend. The year-on-year percentage variation saw significant fluctuations, with the largest spike in 2018 (144.72%) and consistent growth over the past two years (4.72% in 2022 and 4.42% in 2023). The CAGR from 2018 to 2023 was 1.01%, indicating modest annual growth.
The forecast data from 2024 to 2028 predicts continued growth, with a notable 2.88% CAGR and an overall 15.28% increase from 2023. Key future trends to watch include economic stability, changes in consumer preferences, and global trade dynamics, which may impact these projections.
