The import of iron and steel to Malaysia is projected to steadily increase from 2024 to 2028, with values from $7.03 billion in 2024 to $7.59 billion in 2028. The annual growth rate from 2024 to 2025 is approximately 2.05%, from 2025 to 2026 it's 1.97%, from 2026 to 2027 it's 1.89%, and from 2027 to 2028 it's 1.82%. The Compound Annual Growth Rate (CAGR) over this period is around 1.93%.

Previous years' import data (prior to 2024) and its value for 2023 are not mentioned but the data indicates a consistent increase.

Future Trends to Watch For:

Economic policies and trade agreements impacting import tariffs and supply chain stability.
Fluctuations in global iron and steel prices due to geopolitical issues or changes in demand and supply.
Technological advancements in steel production and their impact on import needs.
Infrastructure development projects in Malaysia that could drive higher demand for iron and steel imports.