In 2023, the contribution of the manufacturing sector to Malaysia's GDP stood at 21.82 units. Over the last decade, this sector has been experiencing a gradual decline. Between 2013 and 2023, the share decreased from 23.15 to 21.82 units, indicating a steady contraction. From 2021 to 2023, the year-on-year variations were -0.77% in 2022 and -0.73% in 2023. The forecasted 5-year CAGR from 2024 to 2028 is -0.63%, translating to an overall decline of 3.1% over the next five years.

Future trends to watch for include:

Impact of automation and digital transformation on manufacturing efficiencies and output.
Potential shifts in global supply chains that could benefit or disadvantage Malaysian manufacturers.
Government policies aimed at rejuvenating the manufacturing sector or stimulating other high-growth sectors.