The import of aluminium ores and concentrates to Malaysia is expected to experience a steady decline from 2024 to 2028. In 2023, the actual value stood at 3.451 million US Dollars, marking the starting point for the forecasted data. From 2024 to 2028, the year-on-year variations are as follows: -0.91%, -0.89%, -0.89%, -0.87%, and -0.88%. The compound annual growth rate (CAGR) over this five-year period averages to a decline of approximately 0.89% annually.
Future trends to watch for include potential changes in global aluminium demand, Malaysia's industrial growth, and any shifts in trade policies or tariffs that could impact import patterns. Monitoring advancements in recycling technologies and domestic ore extraction could also influence future import volumes.
