The import of manganese oxides other than manganese dioxide to Malaysia is forecasted to decline gradually over the period from 2024 to 2028, with values declining from 3.7405 million kilograms to 3.3843 million kilograms. In 2023, the actual import value stood at 3.8400 million kilograms. Year-on-year variations indicate a continuous decrease, with an average annual decline (CAGR) of approximately 2.4% over the next five years.
Future trends to watch for:
- Global demand changes for steel and other manganese-dependent industries.
- Technological advancements in manganese extraction and processing.
- Economic policies and trade agreements impacting import costs and supply chains.
- Local production capabilities and potential for increased domestic supply.
- Sustainability practices and environmental regulations affecting the industry.