The diesel and gasoil production in Malaysia has shown considerable fluctuations from 2013 to 2023, peaking in 2022 at 15.412 million metric tons, before dropping to 12.635 million metric tons in 2023. Analyzing the trends, production saw significant growth in 2019 and again in 2022, but also experienced sharp declines, notably a 16.2% reduction in 2020 and an 18.02% decrease in 2023. Over the last five years, the CAGR was approximately 0.68%, indicating relatively flat long-term growth. The forecast for the following five years anticipates a moderate CAGR of 0.67%, with production expected to reach 13.179 million metric tons by 2028.
Future trends to watch for include potential impacts of evolving energy policies, shifts towards renewable energy sources, and changes in domestic and international demand for diesel and gasoil. Monitoring technological advancements in refining processes and any geopolitical events that may affect crude oil supplies will also be critical.
