In 2023, the import value of cement to Malaysia stood at X million US dollars. Based on forecasted data, the trend shows a consistent decline in the import value from 2024 to 2028. Specifically, the values are projected to decrease from 61.327 million US dollars in 2024 to 43.481 million US dollars in 2028. Year-on-year percentage variations indicate a decreasing trend, with values reducing by approximately 7.5% annually. The Compound Annual Growth Rate (CAGR) for the period of 2024 to 2028 is estimated to be around -8.11%.
Future trends to watch for include:
- Potential policy changes impacting cement import tariffs and quotas.
- Economic factors such as domestic cement production capacity expansions and construction sector demand.
- Environmental regulations and sustainability initiatives influencing import dynamics.
