The import of agglomerated iron ore and concentrate to Malaysia stood at 222 million USD in 2023. Forecasts indicate a consistent year-on-year increase: 3.6% in 2024 with a value of 230.37 million USD, 3.5% in 2025 with 238.44 million USD, 3.3% in 2026 with 246.36 million USD, 3.2% in 2027 with 254.12 million USD, and 3% in 2028 with 261.72 million USD.

The compound annual growth rate (CAGR) over the five-year forecast period from 2024 to 2028 is approximately 3.3%. This shows a steady upward trend in the import value of agglomerated iron ore and concentrate to Malaysia.

Future trends to watch include:

Changes in global iron ore prices, which could affect import costs.
Shifts in Malaysia's manufacturing and construction sectors' demand for raw materials.
Potential trade policies and tariffs that could influence import volumes and values.
Technological advancements in ore processing and alternative materials that could impact demand.