The rubber and plastic products exports from Malaysia to Thailand stood at USD 445 million in 2023. Forecasts indicate a growth trend in the coming years:
The projected data reveals a steady year-on-year increase:
- 2024: USD 455.33 million (+2.32%)
- 2025: USD 466.05 million (+2.36%)
- 2026: USD 476.56 million (+2.25%)
- 2027: USD 486.86 million (+2.16%)
- 2028: USD 496.95 million (+2.07%)
Over the last two years, the average annual growth rate has been 2.26%. The overall Compound Annual Growth Rate (CAGR) from 2023 to 2028 is projected to be approximately 2.23% per year.
Future trends to watch for include potential fluctuations due to global economic conditions, technological advancements in the rubber and plastic industry, environmental regulations, and shifts in consumer demand. Monitoring these factors will be critical for maintaining a competitive edge in the market.
