Malaysia's textile exports to India have shown a varied trend over the last decade, standing at 59.119 million USD in 2023. Key observations include a strong growth period from 2013 to 2017 with a significant dip in 2018, followed by a recovery phase. The year-on-year variation for 2022 was 3.8%, and 3.59% for 2023. The Compound Annual Growth Rate (CAGR) for the past five years leading to 2023 was 4.85%.
Future trends to watch for include:
- Forecast indicates a moderate annual growth rate of 2.61% from 2024 to 2028.
- A projected total growth rate of 13.76% over the next five years.
- Potential impacts from global trade policies and shifts in the competitive landscape.