The import of non-refractory mortars and concretes to Malaysia has shown considerable fluctuations over the past decade, with a notable increase in 2023 by 4.5%, reaching 3.3879 million USD. Observing the past two years, the import value grew by 10.33% in 2022 and 4.5% in 2023, indicating a consistent upward trend. The compound annual growth rate (CAGR) over the last five years stood at 4.84%, showcasing a moderate but steady growth trajectory.

For the forecasted years, imports are expected to sustain growth, with a calculated 5-year CAGR of 3.2%, culminating in 4.1403 million USD by 2028. This foretells a total growth rate of 17.06% over the five-year period from 2023 to 2028.

Future Trends to Watch For:

Market stability and economic factors influencing the building and construction industry.
Environmental policies and regulations affecting importing standards and practices.
Technological advancements in non-refractory mortar and concrete production.