The import of refractory ceramic articles except for construction to Malaysia has shown a fluctuating trend over the past decade. In 2023, the actual import value stood at 31.685 million USD. The year-on-year variation over 2022-2023 indicates a growth of 1.3%, while the CAGR over the past five years stands at 0.81%. Historically, the fluctuations in import values have been substantial, peaking in 2017 with a year-on-year increase of 44.39%, and experiencing the largest decline in 2016 with a -9.89% year-on-year change.
Future trends to watch for include:
- Steady growth with a forecasted 5-year CAGR of 1.02%.
- Potential impacts of global economic conditions on import values.
- Technological advancements in refractory ceramics affecting market dynamics.
- Regional trade agreements and policies influencing import volumes.
