In 2023, the import of aluminium structures and parts for construction to Malaysia was valued at 85.64 million US dollars. Over the past decade, the imports have shown a strong growth trajectory with a few fluctuations. For instance, the annual year-on-year growth rate for 2023 stood at 4.62%, while over the last five years, the compound annual growth rate (CAGR) averaged 4.95%. Although there was a notable dip in 2020, followed by a rebound in 2021, the overall trend has remained upward.
Forecasted data indicates a continued but modest growth, with the five-year forecast growth rate averaging 3.25% CAGR, projecting import values to reach approximately 105.38 million US dollars by 2028.
Future trends to watch for include global aluminium price fluctuations, changes in Malaysian construction demand, and potential supply chain disruptions or improvements. Monitoring these factors will be crucial for understanding the import dynamics of aluminium structures and parts for construction in Malaysia.
