Based on the forecasted data, the import of titanium to Malaysia is expected to see significant declines over the next five years:
- 2024: 3.0177 million kg
- 2025: 2.5801 million kg (YoY Variation: -14.5%)
- 2026: 2.1512 million kg (YoY Variation: -16.6%)
- 2027: 1.7309 million kg (YoY Variation: -19.5%)
- 2028: 1.319 million kg (YoY Variation: -23.8%)
The Compound Annual Growth Rate (CAGR) over this period is -18.6%.
The steady decline in titanium imports suggests a potential decrease in demand, possibly attributable to economic conditions, local production capabilities, or shifts to alternative materials. Monitoring global supply chain dynamics and technological advancements in alternative materials will be critical for forecasting beyond this period.
