The export value of glass and glassware from Malaysia in 2023 stood at $1301.9 million, showing an annual growth of 2.74% from the previous year. Over the last five years, exports have experienced a modest Compound Annual Growth Rate (CAGR) of 1.71%, suggesting a steady incline. Trends from previous years show significant growth spurts in 2018 and 2021, counterbalanced by minor declines in other years. From 2024 onwards, the forecast indicates a CAGR of 2.05%, reaching $1483.2 million by 2028, reflecting a 10.68% five-year growth rate.
Future trends to watch for include technological advancements in glass manufacturing, potential shifts in global trade policies, and emerging markets' demand, which could influence Malaysia's export dynamics significantly.
