In 2023, the import of unwrought aluminium to Malaysia stood at 1.724 billion US Dollars. Forecasted data from 2024 to 2028 show a steady increase in the value of imports, beginning at 1.7879 billion US Dollars in 2024 and reaching 2.05 billion US Dollars by 2028. The year-on-year growth rates are projected to be 3.37% for 2024, 3.78% for 2025, 3.57% for 2026, and 3.37% for 2027. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is approximately 3.53%. These trends indicate a consistent and moderate increase in Malaysia's unwrought aluminium imports.
Future trends to watch include potential changes in global aluminium prices, shifts in Malaysia's manufacturing needs, and variations in trade policies. Additionally, advancements in recycling and increased domestic production could influence import volumes.
