In 2023, the export value of domestic appliances incorporating electric motors from Malaysia stood at $1.5322 billion. From 2024 onwards, we see a clear upward trend in the forecasted export values: $1.5929 billion in 2024, $1.6541 billion in 2025, $1.714 billion in 2026, $1.7728 billion in 2027, and $1.8304 billion in 2028.
Year-on-year variation percentages indicate:
- 2024: 3.96%
- 2025: 3.84%
- 2026: 3.62%
- 2027: 3.43%
- 2028: 3.25%
The compound annual growth rate (CAGR) over the next five years is approximately 3.62%.
Future trends to watch for include technological advancements, shifts in global demand patterns, trade policies, and the impact of emerging markets. These factors could significantly influence the export landscape for Malaysian domestic appliances with electric motors.
