The ICT Manufacturing Gross Value Added in E-Commerce in Malaysia has shown varied growth from 2015 to 2023. Starting at 16.32 billion MYR in 2015, the value increased to 23.09 billion MYR by 2023. The past five years (2018-2023) have shown an average growth of 1.48% per year. Significant year-on-year variations include a substantial increase in 2016 (14.89%) and smaller growth fluctuations in recent years, with a slight decrease of 0.16% in 2022 and a rebound to 1.77% in 2023. From 2024 onwards, the growth is expected to stabilize with a forecasted CAGR of 1.21% and a total growth of 6.19% by 2028.
Future trends to watch for:
- Continued technological advancements in ICT manufacturing, which could spur additional growth.
- Potential impacts of global supply chain disruptions or economic shifts.
- Increased emphasis on digital transformation and automation within the e-commerce sector.
- Changes in consumer behavior and demand within the e-commerce landscape.