The aluminum production in Malaysia has seen a steady increase from 291.0 thousand metric tons in 2013 to 956.0 thousand metric tons in 2023. The year-on-year variation has remained consistent over the last two years, registering a 5.05% increase in 2023, similar to prior years. The Compound Annual Growth Rate (CAGR) over the last five years has averaged at 4.97%, showcasing stable growth in production volume.
From 2024 onwards, the forecasted data indicates a continued upward trajectory, with production expected to hit 1170.0 thousand metric tons by 2028, representing a five-year forecasted CAGR of 3.15% and a forecasted five-year growth rate of 16.8%.
Future trends to watch for include potential technological advancements leading to increased efficiency, shifts in regulatory policies that could impact production rates, and global market demand fluctuations for aluminum, which could influence Malaysia's export strategies.
