Based on the given data, the import of Aluminium and Articles Thereof to Malaysia shows consistent growth from 2024 to 2028. In 2023, the actual import value stood at 4.0 billion USD. The year-on-year variations are as follows: 3.18% for 2024, 2.8% for 2025, 2.79% for 2026, 2.88% for 2027, and 2.74% for 2028. Over the five-year period from 2023 to 2028, the compound annual growth rate (CAGR) is approximately 2.88%.
- Steady increase in import values
- Strong demand for aluminium and related articles in industries such as automotive and construction
- Economic stability fueling growth in imports
Future trends to watch for include potential policy changes affecting import tariffs, shifts in global aluminium prices, and advancements in alternative materials, which may impact Malaysia's import volumes.
