Malaysia's import of unagglomerated iron ore and concentrate is projected to grow steadily from $1.0614 billion in 2024 to $1.2377 billion by 2028. Compared to 2023's value of $1.016 billion, the year-on-year increases are as follows:
- 2024: 4.46%
- 2025: 4.28%
- 2026: 4.02%
- 2027: 3.78%
- 2028: 3.58%
The Compound Annual Growth Rate (CAGR) from 2023 to 2028 stands at approximately 4.02%, reflecting a moderate and steady increase in import value over the five-year forecast period. Future trends to watch include fluctuations in global iron ore prices, potential shifts in Malaysia’s industrial demand, and trade policy changes that could impact import volumes.