The import of ceramic flooring blocks, tiles, and the like to Malaysia has seen fluctuations over the years. From 2013 to 2023, the value has ranged from 241.97 to 779.92 Thousand US Dollars. The year-on-year percentage changes indicate significant variability, with a notable increase in 2018 followed by fluctuations that include both increases and decreases. Specifically, in the last two years, there have been modest year-on-year increases of 2.32% in 2022 and 2.22% in 2023. The compound annual growth rate (CAGR) over the last five years stands at -1.13%, indicating a slight overall decline.
Looking forward from 2024 to 2028, the forecast suggests a steady increase in import value, with the CAGR for this period projected at 1.69%, translating to an overall growth rate of 8.76% by 2028. Future trends to watch for include potential market dynamics influenced by economic conditions, construction industry developments, and shifts in consumer preferences towards ceramic flooring options.
