The import of artificial flowers, foliage, and fruit of plastic to Malaysia stood at 4.516 million kilograms in 2023. Over the last two years, this import volume has experienced a steady increase, with year-on-year variations of 4.7% in 2022 and 4.4% in 2023. Over a five-year period from 2018 to 2023, the compound annual growth rate (CAGR) has been 4.81%, indicating consistent growth.

The forecast suggests that this upward trend will continue, with the volume expected to reach 5.4126 million kilograms by 2028. The forecasted CAGR for the next five years stands at 2.85%, which translates to an overall growth rate of 15.1% by 2028.

Future trends to watch for:

Trade policies and tariff changes that could impact import volumes.
Shifts in consumer preferences towards sustainable and eco-friendly products, which might impact demand for plastic-based goods.
Technological advancements in the production of artificial flowers, foliage, and fruit which could affect import volumes.