From 2013 to 2023, Malaysia's manganese import value exhibited significant fluctuations. The import value in 2013 stood at 285.04 thousand USD and rose to 700.82 thousand USD by 2023. The period from 2013 to 2018 saw a dramatic increase, particularly from 2016 to 2018 where year-on-year growth remained above 24%. The highest import value was recorded in 2018 at 700.96 thousand USD, followed by a drop and subsequent recovery around 2021. The slowing growth, with a mere 1.76% year-on-year increase in 2023, suggests a plateauing trend.
For the years 2024 to 2028, the forecast suggests a steady, albeit slow, increase in manganese imports, with the 2028 CAGR projected at 1.36% and overall growth around 7%. The five-year forecast for 2024-2028 highlights the slower but stable increase trend in manganese imports into Malaysia.
Future trends to watch for include geopolitical dynamics impacting global trade, advancements in local manganese mining, and any shifts in industrial demand within Malaysia. Additionally, technological innovations or substitutes for manganese in various industries could also influence import trends in the coming years.
