The import of Electrical and Electronic Equipment to Malaysia has shown fluctuating trends over the past decade, standing at 65.245 billion USD in 2023. Early years highlighted a decline in imports around 2015-2016, but from 2017 onwards, there was a general upward trend, interrupted only by the drop in 2020. The last two years showed a modest increase (2021: +23.15%, 2022: +2.12%, 2023: +2.04%). The 5-year CAGR leading up to 2023 is 1.49%, indicating moderate average growth.
Looking forward, imports are forecasted to grow steadily, reaching 72.051 billion USD by 2028. The forecasted 5-year CAGR is 1.56%, suggesting a stable yet modest growth trend. This period corresponds to an 8.06% total growth rate.
Future trends to watch for include:
- Technological advancements driving demand for updated electronic equipment.
- Government policies and tariffs affecting import volumes.
- Global economic conditions influencing Malaysia's import capabilities.
- Shifts in manufacturing bases and supply chain strategies in the Southeast Asian region.
