The analysis of television sets production in Malaysia shows notable fluctuations between 2013 and 2023, with peaks and troughs observed throughout. The production value peaked in 2013 and experienced significant decline until 2016, followed by slight recovery in 2017 and 2018. The period from 2019 to 2022 witnessed a resurgence in production volumes, achieving a high in 2022, before sharply declining by 27.4% in 2023. Forecasted data from 2024 to 2028 predicts a stable yet slowly declining trend with a CAGR of -0.47%.
Observing year-on-year variations over the last two years, 2022 experienced a modest growth of 6.01%, while 2023 saw a substantial decline of 27.4%. Looking back over the last five years, the CAGR stands at -1.66%, indicating an overall slight contraction in production.
In 2023, the production value stood at 11.6 million units. The forecasted data suggests production will stabilize around 11.263 million units by 2028, depicting minimal negative growth.
Future trends to watch for:
- The impact of technological advancements and consumer preferences on television set production.
- Potential shifts towards smart TVs and how they might influence production volumes and value.
- Economic conditions and trade policies affecting the electronics manufacturing sector in Malaysia.
- Competitive dynamics within the regional and global television market.
