The import value of aluminium doors, windows, frames, and thresholds to Malaysia stood at USD 56.377 million in 2023. Over the past decade, the trend showed significant fluctuations, with periods of both rapid growth and sharp declines. Notably, there were substantial increases with a year-on-year variation peaking at 107.41% in 2014 and 74.11% in 2018. However, some years experienced negative growth, such as -24.38% in 2017 and -11.73% in 2020.
In the last two analyzed years (2022 and 2023), the imports grew by 5.42% and 5.04% respectively, indicating a consistent yet modest upward trend. The Compound Annual Growth Rate (CAGR) from 2018 to 2023 was approximately 3.66%, reflecting moderate but steady growth.
Looking ahead, the forecasted CAGR for 2023 to 2028 is 3.5%, with an overall projected growth of 18.79% over the next five years. This forecast indicates a stable and continuous increase in imports.
Future Trends to Watch For:
- Innovations in aluminium products that could drive demand.- Economic policies impacting import tariffs and regulations.- Trends in construction and infrastructure developments in Malaysia.- Fluctuations in global aluminium prices and supply chain stability.
