The import of glass mirrors to Malaysia showed a stable trend from 2013 to 2023, with minor fluctuations in value, standing at USD 45.76 million in 2023. The last two years saw year-on-year increases of 3% and 2.85% respectively, indicating a steady growth despite the earlier dip in 2020. Over the past five years, the compound annual growth rate (CAGR) was 2.92%.
Looking forward, the forecast from 2024 to 2028 estimates a continuation of this growth trend with a 5-year CAGR of 2.13%, projecting the value to reach USD 52.391 million by 2028, reflecting an overall growth rate of 11.11% over the forecast period.
Future trends to watch for:
- Potential impact of global supply chain disruptions.
- Changes in trade policies and tariff structures.
- Growth in the domestic construction industry.
- Technological advancements in glass manufacturing.
