Between 2013 and 2023, Malaysia's import of plastic doors, windows, and frames steadily decreased until 2016, followed by fluctuations. The value in 2023 stood at 690.23 thousand kilograms, reflecting a minor 1.74% year-on-year increase. Noteworthy is the 2017 sharp drop by 18.69% and the 2018 rebound with 41.92% growth. The last 5-year CAGR till 2023 shows a modest average annual increase of 0.7%.
Forecasts up to 2028 indicate a steady growth trajectory with a forecasted 5-year CAGR of 1.36%, suggesting a cautious yet stable upward trend. Due to the recent past's cyclical nature, continued monitoring of economic conditions and sector-specific variables is crucial.
Future trends to watch:
- Potential policy changes affecting import tariffs.
- Market demand shifts driven by construction booms or slumps.
- Technological advancements in sustainable materials influencing preferences.
