The import of compressors for refrigerating equipment to Malaysia has shown fluctuations over the past decade. The value stood at 109.29 million USD in 2023. Significant declines were observed in 2014, 2017, and particularly in 2018. Despite some recovery in 2019 and 2021, the trend remained volatile up to 2023. The last two years saw minimal increases of around 1% each year.
The long-term Compound Annual Growth Rate (CAGR) over the past five years was 4.08%, indicating a relatively moderate upward trend. Forecasted data suggest a steady but slow growth, with a forecasted 5-year CAGR of 0.8% and an overall growth rate of 4.09% by 2028.
Future trends to watch for include:
• Potential changes in trade policies impacting import tariffs.
• Technological advancements in refrigerating equipment that might drive demand.
• Global supply chain disruptions or improvements that could affect import costs and availability.
