The import of asbestos brake linings and pads to Malaysia is projected to experience steady growth from 2024 to 2028. The volume is expected to increase from 812.32 thousand kilograms in 2024 to 902.42 thousand kilograms in 2028. Compared to the actual data of 2023, the forecast indicates a consistent upward trend.
Year-on-Year Variations (YoY):
- 2024: -
- 2025: +2.86%
- 2026: +2.73%
- 2027: +2.59%
- 2028: +2.49%
Compound Annual Growth Rate (CAGR) from 2024 to 2028: Approximately 2.67% annually.
Future trends to watch for include regulatory changes impacting asbestos use, advancements in alternative brake materials, and shifts in the automotive industry that could affect demand for brake linings and pads.
