In 2023, Vietnam's coal exports to Malaysia stood at 8.8453 million US dollars. Moving into 2024, the exports are forecasted to decline slightly to 8.5218 million US dollars, reflecting a year-on-year decrease of approximately 3.65%. From 2024 to 2025, a further reduction to 8.2083 million US dollars is projected, marking a 3.68% decline. In subsequent years, the values are expected to continue decreasing: 7.9011 million US dollars in 2026 (a 3.74% fall), 7.6001 million US dollars in 2027 (a 3.81% fall), and 7.305 million US dollars in 2028 (a 3.88% fall). The CAGR over the forecasted five-year period indicates an average annual decline of approximately 3.71%.
Going forward, trends to watch for include the implementation of renewable energy policies in Malaysia, fluctuations in global coal prices, and Vietnam's production and export capabilities. Changes in trade policies and economic conditions in both countries may also influence future coal export trends.
