Malaysia's import of pigments, opacifiers, and colours for ceramics or glass showed fluctuating trends from 2013 to 2023. The value stood at 20.029 million USD in 2023, a slight increase from the previous year, indicating a stabilized demand. Year-on-year variations highlight significant drops in 2020 (-16.91%) and 2016 (-4.97%). However, positive growth was observed in several years, notably in 2018 (8.59%) and 2021 (14.58%). The 5-year CAGR from 2018 to 2023 was marginally negative at -0.4%, suggesting a relatively stable market with slight declines.
Future trends to watch for include:
• Technological advancements in ceramics and glass production that could drive up demand for high-quality pigments and colours.
• Global economic factors and trade policies affecting import costs and volumes.
• Sustainability trends encouraging the use of eco-friendly and high-performance materials.
• Potential market shifts towards local production capabilities reducing import needs.
