The forecast for Malaysian furniture exports to India shows a steady increase from 2024 to 2028. The values, in million US dollars, are expected to grow from 102.04 in 2024 to 107.78 in 2028. This represents a consistent year-on-year growth, with annual increases hovering around 1.5%. The Compound Annual Growth Rate (CAGR) for this period is approximately 1.4%, indicating a stable and positive trend in furniture exports from Malaysia to India over the next five years.
Looking ahead, key trends to monitor include the evolving consumer preferences in India towards sustainable and eco-friendly furniture, the impact of digitalization on supply chains, and trade relations between Malaysia and India. These factors could influence the trajectory of export growth, potentially offering new opportunities or presenting challenges for Malaysian furniture exporters.
