Between 2013 and 2016, Malaysia experienced a significant decline in the import of Ferro-Silico-Manganese, with a drastic annual reduction in 2015 and 2016. However, a recovery phase began in 2017 with a remarkable year-on-year growth of over 100%. This upward trend persisted, albeit with some fluctuations, until 2021 when imports reached a higher level. A slight decline was observed in 2020, but the overall trend has been positive with minor variations in the subsequent years. By 2023, imports stood at 44.645 million USD, marking a steady growth.
From 2024 onwards, the forecast projects a continued gradual increase in imports, with a Compound Annual Growth Rate (CAGR) of 1.37% over the next five years, growing by approximately 7.07% by 2028.
Future trends to watch for include:
- Potential impacts from global economic fluctuations affecting Malaysian trade policies.
- Technological advancements in Ferro-Silico-Manganese production that could influence import demand.
- Shifts in regional supply chains and geopolitical dynamics in the Asia-Pacific region.