Forecast: Import of Metal Mountings, Fittings for Buildings to Malaysia

The importation of metal mountings and fittings for buildings to Malaysia has shown a considerable uptrend over the years. From 2013 to 2023, the volume increased from 887.13 thousand kilograms to 23694.0 thousand kilograms, highlighting significant growth. The year-on-year variation indicates fluctuating increases with major spikes, such as in 2015 (449.91%) and 2016 (158.78%). Recent years have experienced more moderate growth, with the year-on-year increases for 2022 and 2023 at 6.1% and 5.63%, respectively. The compound annual growth rate (CAGR) for the last 5 years stands at 5.52%, suggesting a steady upward trend.

Future trends to watch for:

- Over the next five years, the forecasted CAGR is 3.85%, indicating continuing but more tempered growth.

- By 2028, the overall growth rate is expected to be 20.78%, suggesting that the import volume will reach 30293.0 thousand kilograms.

- It will be essential to monitor market dynamics, including construction industry trends, economic factors, and potential trade policy changes impacting imports.