The Fabricated Metal Products Industry’s contribution to Malaysia’s GDP has been on a gradual decline from 1.3% in 2013 to a forecasted 0.9% by 2028. The year-on-year variation shows a consistent decrease, transitioning from actual data to forecasts post-2023. The compound annual growth rate (CAGR) and growth rate for the next five years (2024-2028) are both projected at 0%, indicating a stabilization at 0.9% but at a lower level compared to previous years.
Looking ahead, the industry faces challenges including technological advancements and global competition. Key trends to watch include the adoption of automation and green manufacturing practices, which could significantly influence the industry’s contribution to Malaysia’s GDP in the long term.
