Based on the provided data, the import of leather clothing accessories to Malaysia is forecasted to grow steadily from 2024 to 2028, with values increasing from 30.462 million USD in 2024 to 34.649 million USD in 2028. This data exhibits a consistent upward trend, indicating a healthy demand for leather clothing accessories.
Year-on-year variations show a positive growth trend with the following percentages: 2024-2025 (+3.54%), 2025-2026 (+3.35%), 2026-2027 (+3.18%), and 2027-2028 (+3.02%). The Compound Annual Growth Rate (CAGR) over the five-year forecast period is approximately 3.27%, showcasing a stable and sustainable increase in imports.
The actual value of imports in 2023 stood at 29.425 million USD, serving as a baseline for the forecasted increases.
Future trends to watch for include potential shifts in consumer preferences towards sustainable and eco-friendly leather products, economic fluctuations impacting disposable incomes, and changes in trade policies that may affect import tariffs and quotas.