The import of Glass and Glassware to Malaysia is forecasted to increase steadily from 2024 to 2028. In 2023, the actual import value stood at 1.142 billion USD. Forecasted data indicates a continuous year-on-year growth with 2.43% from 2024 to 2025, 2.33% from 2025 to 2026, 2.23% from 2026 to 2027, and 2.14% from 2027 to 2028. The compound annual growth rate (CAGR) over the five years is approximately 2.28%.
Future trends to watch for:
- Technological advancements in glass production and sustainable practices.
- Demand fluctuations influenced by construction and automobile industries.
- Impact of tariffs and trade policies on import costs.
