The import of inflatable pleasure craft to Malaysia has shown significant fluctuations over the past decade, with the value reaching 29.14 thousand kilograms in 2023. Historical data reveals sharp variations in year-on-year growth rates, including a peak increase of 142.59% in 2015 and a deep decline of 80.17% in 2016. Recent trends show a steady decline, year-on-year down by 5.2% in 2023 and forecasted to continue decreasing at a 5.36% CAGR from 2024 to 2028, equating to a 24.08% reduction over five years.

Future trends to watch for:

Regulatory changes affecting import duties and tariffs on inflatable pleasure crafts.
Increased domestic production or alternative leisure activities' popularity influencing demand.
Economic factors impacting discretionary spending on pleasure crafts.
Advancements in technology providing more efficient and cost-effective models.