Based on the provided data for Malaysia's export of knitted or crocheted fabric, the values forecasted from 2024 to 2028 indicate a consistent upward trend in export value. In 2023, Malaysia’s export value for this category stood at $228.23 million USD. Moving forward, the forecasted values indicate an average annual year-on-year increase ranging roughly from 2.93% to 2.32% annually from 2024 to 2028. Over the five-year period, the compound annual growth rate (CAGR) is approximately 2.72%.
Future trends to watch for include:
- Advancements in textile technology that may enhance production efficiency.
- Shifts in global demand, particularly from key trade partners.
- Potential impacts of trade policies or tariffs affecting the textile sector.
- Environmental regulations and sustainability trends influencing production practices.