The import value of plastic containers, bobbins, and packages into Malaysia stood at 398.5 million USD in 2023. The forecasted data indicates an upward trend, with values increasing to 408.11 million USD in 2024, 416.79 million USD in 2025, 425.29 million USD in 2026, 433.63 million USD in 2027, and 441.79 million USD in 2028.
Year-on-year variations show a consistent increase:
- 2024: 2.41%
- 2025: 2.12%
- 2026: 2.04%
- 2027: 1.96%
- 2028: 1.88%
Over the last two years, the average year-on-year variation stood at 2.2%. When analyzing trends over the longer period from 2024 to 2028, the compounded annual growth rate (CAGR) is approximately 2.08%, indicating steady positive growth.
Future trends to watch for include changes in global plastic production, shifts in Malaysia's industrial needs, and potential environmental regulations that may impact plastic imports. Additionally, fluctuations in international trade policies and economic conditions could influence demand and import value.
