The export of ammonia from Malaysia has shown significant fluctuations over the past years. In 2013, exports stood at 241.2 million USD, decreasing significantly over the next few years and reaching a low of 116.62 million USD in 2017. However, starting from 2018, there has been a recovery with exports rising to 187.56 million USD by 2023.
The year-on-year percentage variation reveals a mixed trend: substantial drops in 2014 and 2015, a drastic increase in 2018, followed by minor fluctuations from 2019 to 2023. Over the past five years (2019-2023), the Compound Annual Growth Rate (CAGR) has been -0.44%. For the next five years, the forecasted CAGR is 1.35%, with an anticipated total growth rate of 6.92% by 2028.
Future trends to watch for include potential shifts in global demand for ammonia, changes in trade policies, and technological advancements in ammonia production. Additionally, monitoring geopolitical developments and economic stability within and across Malaysia and its trading partners will be crucial in forecasting export performance.
