The data indicates that Malaysia's ammonia production saw minor fluctuations from 2013 to 2019, maintaining a relatively steady value around 990.0 thousand metric tons. However, 2020 experienced a significant dip of approximately 15.99%, likely due to the global pandemic's impact. Production rebounded strongly in 2021 with a 21.41% increase and continued to grow steadily, reaching 1020.0 thousand metric tons in 2023.
Year-on-year variations for the last two years (2022 and 2023) showed approximately 0.75% and 0.74% increases, respectively. Over the last five years, the compound annual growth rate (CAGR) has been around 0.7%. Forecasts predict continued growth, with production expected to reach 1060.0 thousand metric tons by 2028, indicating a forecasted 5-year CAGR of 0.59% and a growth rate of 2.98%.
Future trends to watch for include technological advancements in ammonia production, fluctuating demand in global markets, and potential regulatory changes impacting the industry. Monitoring these factors will be crucial to understanding the long-term trajectory of ammonia production in Malaysia.
