The import of domestic appliances incorporating electric motors to Malaysia was valued at 95.1 million US dollars in 2023. The forecasted values from 2024 through 2028 show a consistent upward trend, starting from 97.34 million US dollars in 2024 and reaching 105.82 million US dollars by 2028. Year-on-year variations show a steady growth: an increase of 2.2% in 2025, 2.15% in 2026, 2.07% in 2027, and 1.98% in 2028. Over the past five years, the compound annual growth rate (CAGR) is estimated at approximately 2.20%.
Future Trends to Watch For:
- Impact of global supply chain dynamics on import volumes.
- Fluctuations in foreign exchange rates and their influence on import values.
- The effect of technology advancements in appliance efficiency and cost.
- Changes in consumer demand and potential shifts towards sustainable appliances.
