The intermediate consumption on ICT goods in Malaysia is forecasted to increase steadily from 2024 to 2028. If we consider that the value in 2023 was 252 billion Malaysian Ringgits, the year-on-year variation percentages for the years 2024, 2025, 2026, 2027, and 2028 would be 1.36%, 1.15%, 1.11%, 1.08%, and 1.04%, respectively. Over the last five years, this yields a Compound Annual Growth Rate (CAGR) of around 1.15%, indicating a stable yet moderate growth trend.
Future trends to watch for include technological advancements, increased digital adoption by businesses, and supportive government policies, which could further drive consumption. Additionally, potential economic fluctuations and global supply chain dynamics might also influence future ICT goods consumption in Malaysia.
