Based on the provided data, the forecast for the import of air conditioners with a refrigerating unit to Malaysia indicates a consistent upward trend from 1.7929 million kilograms in 2024 to 1.9626 million kilograms in 2028. The year-on-year growth from 2024 to 2025 is approximately 2.43%, from 2025 to 2026 is roughly 2.33%, from 2026 to 2027 is around 2.23%, and from 2027 to 2028 is about 2.15%. The compound annual growth rate (CAGR) for the period between 2024 and 2028 is estimated to be around 2.28%.
In 2023, the volume stood at 1.7543 million kilograms. Observing the data, imports are projected to grow steadily over the next five years, indicating a sustained demand for air conditioners with refrigerating units in Malaysia.
Future trends to watch for:
- Technological advancements in energy-efficient air conditioning units could drive demand.
- The impact of climate change and rising temperatures may increase the need for cooling solutions.
- Economic factors such as consumer purchasing power and governmental policies on imports and environmental regulations could influence volumes.
- Market competition and the emergence of new players could also affect import dynamics.