The forecasted values (in Million US Dollars) for the import of Ferro-Titanium and Ferro-Silico-Titanium to Malaysia are:
- 2024: $1.6166
- 2025: $1.6666
- 2026: $1.7155
- 2027: $1.7634
- 2028: $1.8104
The year-on-year variations in percentage are:
- 2025: ((1.6666 - 1.6166) / 1.6166) * 100 = 3.10%
- 2026: ((1.7155 - 1.6666) / 1.6666) * 100 = 2.94%
- 2027: ((1.7634 - 1.7155) / 1.7155) * 100 = 2.80%
- 2028: ((1.8104 - 1.7634) / 1.7634) * 100 = 2.67%
The Compound Annual Growth Rate (CAGR) over the five years from 2024 to 2028 is calculated as:
- CAGR = [(1.8104 / 1.6166)^(1/5) - 1] * 100 = 2.29%
The import market for Ferro-Titanium and Ferro-Silico-Titanium to Malaysia is projected to grow steadily with an annual average growth rate of approximately 2.29%. Future trends to watch for include global supply chain disruptions, fluctuations in titanium ore prices, technological advancements in alloy production, and changes in trade policies. The consistent growth reflects increasing demand in the industrial sector and infrastructure development.
