The import value of Monobutyl Ethers of Ethylene and Diethylene Glycol to Malaysia stood at $3.42 million in 2023, showing a slight year-on-year increase of 0.54%. Over the last two years, the annual growth was relatively stable, with variations of 0.55% and 0.54% in 2022 and 2023, respectively. The Compound Annual Growth Rate (CAGR) over the recent five-year period from 2018 to 2023 has been -0.58%, indicating minor fluctuations with a slightly negative trend.
Looking ahead, the forecasted data from 2024 to 2028 suggests a moderate growth trajectory. The CAGR for the next five years is projected at 0.44%, reflecting a stable but slow increase. By 2028, the import value is expected to reach approximately $3.52 million, translating to a 2.2% overall growth over this period.
Future trends to watch for include:
• Market demand fluctuations due to changes in industrial applications and economic conditions.
• Potential trade regulations and tariff adjustments impacting import volumes.
• Technological advancements in chemical production affecting local supply and import necessity.
• Global supply chain disruptions that may lead to variability in import costs and availability.
