In 2024, the forecast for the retail sale of automotive fuel in Malaysia is 58.1 billion Malaysian Ringgits. This scenario demonstrates a steady incline over successive years: 60.99 billion in 2025, 63.84 billion in 2026, 66.67 billion in 2027, and 69.47 billion in 2028. The actual reported value for 2023 acts as a baseline for these forecasted increases. The observed annual growth rates over the forecast period below show consistent progression in this sector.
Future trends to watch for include the potential impact of fluctuating global oil prices, advancements in fuel efficiency, and the rise of electric vehicles which could disrupt traditional automotive fuel sales. Moreover, geopolitical factors and government policies affecting fuel taxes and subsidies may play a critical role in shaping future consumption patterns and market dynamics.
Variations: Year-on-year percentage changes and compounded annual growth rate (CAGR) over the last five years depict an optimistic expansion trajectory, marking the robustness of Malaysia's tourism-related automotive fuel supply chain.