Forecast: Industrial Sand and Gravel Production in Malaysia

Malaysia's industrial sand and gravel production demonstrated varied annual fluctuations between 2013 and 2023, reaching 1.49 million metric tons in 2023. Notably, the year-on-year change was modest at 2.12%. Observing over the last two years, the increase was 7.69% in 2021 and 2.21% in 2022. The 5-year Compound Annual Growth Rate (CAGR) from 2018 to 2023 was 2.31%, indicating steady growth in production volumes.

Future trends to watch for in Malaysia's industrial sand and gravel sector include:

  • Projected consistent growth with an estimated 1.65 million metric tons by 2028, reflecting a 5-year forecasted CAGR of 1.62%.
  • Potential impact of regulatory changes on mining practices and export policies.
  • Technological advancements improving production efficiency and sustainability in the industry.
  • Market demand influenced by construction, glass manufacturing, and other industrial applications, potentially driving fluctuations in production volumes.

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