In 2023, the import of unwrought non-alloy aluminium to Malaysia was valued at 1.5 billion US dollars. Forecasted data indicates a steady growth trajectory, with values expected to reach 1.5663 billion in 2024, 1.636 billion in 2025, 1.7044 billion in 2026, 1.7714 billion in 2027, and 1.8371 billion in 2028. This represents a year-on-year increase of approximately 4.45% from 2024 to 2025, 4.19% from 2025 to 2026, 3.93% from 2026 to 2027, and 3.71% from 2027 to 2028. Over the entire period, the compound annual growth rate (CAGR) is forecasted to be around 4.07%.
Future trends to watch for include potential impacts of global supply chain disruptions, fluctuations in aluminium prices, and shifts in demand within key industries such as construction and automotive. Monitoring these factors will be crucial for understanding potential deviations from forecasted growth.
