The import of prepared additives for cements, mortars, or concretes to Malaysia witnessed fluctuations over the past years. In 2023, the value stood at 25.745 million USD. After a dip observed between 2013 and 2016, the market showed a general upward trend, culminating in a steady increase in recent years. The value variation from 2021 to 2022 was 8.32%, followed by 2.76% from 2022 to 2023. The CAGR over the last five years leading up to 2023 is 2.39%.
Looking forward, the forecasted data indicates a progressive growth rate with a five-year CAGR (2024-2028) of 2.08% and an overall growth rate of 10.87%. This suggests a consistent but moderate increase in imports.
Future trends to watch for:
- Technological advancements in construction materials.
- Economic policies and trade agreements affecting Malaysia's import market.
- Environmental regulations prompting shifts in construction practices.
- Continued urbanization driving demand for construction materials.
