The forecast for fuel imports in Malaysia from 2024 to 2028 indicates a stable value of 18.79% of Goods Imports each year. This consistency suggests no expected changes in the percentage of fuel imports relative to total goods imports during this period. In 2023, the actual value stood at 19.10% of Goods Imports.
Year-on-year variation over the last two years shows a slight decrease of 0.31 percentage points in 2023 compared to the forecast values from 2024 onward. The Compound Annual Growth Rate (CAGR) over the last five years illustrates a stabilization trend at an even 0%, reflecting no anticipated growth or decline in the fuel import share of total goods imports.
Future trends to watch for include global oil price fluctuations, potential shifts towards renewable energy sources, and changes in domestic energy policies which could impact the fuel import dynamics in Malaysia over the coming years.
