The forecasted exports of rubber and plastic products from Thailand to Malaysia show a steady increase from 2024 to 2028, starting at $573.33 million in 2024 and growing steadily to $594.9 million by 2028. This translates to a year-on-year growth rate of approximately 1% each year over this period. When compared to 2023, the value stood at $568.0 million, reflecting a consistent upward trend in exports.
Key points of analysis:
• The average compound annual growth rate (CAGR) over the next five years (2024-2028) is approximately 0.9%.
• Year-on-year growth is slightly above 1% annually, indicating stable and modest growth.
• In 2023, the export value was $568.0 million.
Future trends to watch:
• Monitor changes in global demand for rubber and plastic products due to technological advancements and environmental policies.
• Assess impacts of trade agreements and tariffs that may influence bilateral trade dynamics between Thailand and Malaysia.
• Keep an eye on economic developments and industrial growth in Malaysia that could increase demand for rubber and plastic products.
