The forecast for Malaysia's rubber and plastic products exports to Canada shows a steady upward trend from 2024 to 2028. In 2023, the export value stood at 126 million USD. With forecast values at 129.7 million USD in 2024, rising to 142.65 million USD by 2028, Malaysia anticipates consistent growth in their export sector. The year-on-year percentage growth is approximately 2.6% annually, reflecting a stable market demand.
Future trends to watch for include potential shifts in trade policies between Malaysia and Canada, advancements in sustainable plastic alternatives, and global market fluctuations that could affect raw material prices. Monitoring these elements will be crucial for maintaining and enhancing export growth.
