The water transport revenue in Malaysia experienced various trends over the years. In 2023, the revenue stood at 6.77 billion Malaysian Ringgits. The sector exhibited a varied growth pattern, showing significant growth between 2015 and 2019, peaking at 6.82 billion Malaysian Ringgits in 2019 before slightly falling in 2020. The revenue rebounded gradually with a 2.17% year-on-year increase in 2023. The last five years present an average yearly CAGR of 0.51%.
Future trends suggest a continued but moderate growth with a forecasted five-year CAGR of 1.56%, reaching 7.47 billion Malaysian Ringgits by 2028, equating to an overall growth rate of 8.04% over the forecast period. Key trends to watch for include the impact of technological advancements, environmental regulations, and changes in trade patterns on the water transport sector. Keeping an eye on these factors will be vital for anticipating future developments in the industry.
