From 2013 to 2023, Malaysia's import value of parts of electronic integrated circuits has shown a generally declining trend. The value peaked at 10.992 billion USD in 2014 and steadily decreased to 7.0839 billion USD in 2023. Notably, the import value experienced significant drops in specific years, such as a reduction of 19.07% in 2020. However, there were sporadic upticks, including a 17.47% rise in 2021. Overall, the average annual change over the last five years (CAGR) is -2.01%.
Looking into future trends, the forecast indicates a continued decline with a projected CAGR of -2.31% over the next five years, reaching an estimated value of 6.1242 billion USD by 2028. This suggests ongoing challenges for the sector, potentially driven by shifts in global supply chains, technological advancements, and regional competitive dynamics.
Future trends to watch for:
- Impact of technological shifts and the adoption of new electronic components.
- Changes in global trade policies and their influence on import costs and volumes.
- Regional production capabilities and any shifts towards local manufacturing.
- Economic factors that may affect the demand for electronic integrated circuits.
