From 2013 to 2023, Malaysia's manganese ore production exhibited a general upward trend, climbing from 439.0 thousand metric tons to 597.0 thousand metric tons, despite occasional fluctuations. The year-on-year growth has varied, with notable declines in 2014 and 2020 but significant rebounds in subsequent years. The compound annual growth rate (CAGR) for the last five years (2019-2023) stood at 3.9%, indicating a stable but moderate growth trajectory.
Looking forward, forecasted data from 2024 to 2028 suggests continued growth, with projections reaching 700.71 thousand metric tons by 2028. The CAGR for this forecast period is projected at 2.52%, suggesting a slightly decelerated yet steady growth rate.
Future trends to watch for include:
- Technological advancements in mining operations which could significantly boost production efficiency.
- Global demand for manganese influenced by the steel industry and battery technology developments.
- Environmental regulations and sustainability practices impacting mining activities and production capacity.
