The exports of rubber and plastic products from Malaysia to India are projected to rise steadily from 2024 to 2028. The values forecasted show a gradual increase from USD 138.48 million in 2024 to USD 154.7 million in 2028. It's important to note that the actual value for 2023 stood at USD 134 million, indicating consistent growth.
Year-on-year variations over the last two years report an approximate increase of 3.1% from 2023 to 2024 and a continued average adjustment of around 3% annually thereafter. The Compound Annual Growth Rate (CAGR) over the five-year forecast period shows an average yearly growth rate of approximately 2.8%.
Future trends to monitor include potential impacts from geopolitical shifts, changes in trade policies, and economic conditions in both countries. Additionally, advancements in sustainable materials and practices in rubber and plastic manufacturing may influence both demand and regulatory frameworks affecting exports.
