Forecast: Ores and Metals Exports in Malaysia

From 2013 to 2023, the exports of ores and metals in Malaysia witnessed fluctuations with significant growth in certain years, notably in 2021 with a 34.69% increase, followed by a decline in 2022 of -16.45% and a subsequent rise of 12.82% in 2023, where the value stood at 4.45 Unit of Goods Exports. Despite these variations, the Compound Annual Growth Rate (CAGR) over the last five years remains modest at 0.83%.

Looking ahead to the forecasted years from 2024 to 2028, the data predicts a steady increase in exports, with a 5-year CAGR of 1.44% and an overall growth rate of 7.41% by 2028. This indicates moderate but consistent growth trends expected in the sector.

Future trends to watch include:

• Potential geopolitical or market disruptions affecting global trade.
• Technological advancements influencing mining and metallurgical processes.
• Sustainability and environmental regulations impacting production and export capacities.