Hydraulic cement production in Malaysia stood at 17.16 million metric tons in 2023. The historic data series shows a decline from 22.86 million metric tons in 2013, with notable drops in production in 2016 (-9.63%) and 2017 (-15.81%). Recent years indicate a continued downward trend with 2022 and 2023 showing year-on-year decreases of 1.88% each. The compound annual growth rate over the last five years was -3.01%.
Looking forward, the forecasted data for 2024-2028 predict a continuing decline with an average yearly reduction of -1.67%. By 2028, the projected production level is 15.45 million metric tons, reflecting an overall decrease of 8.06% from 2024 levels. Key future trends to watch for include:
- Potential recovery in construction activities post-COVID-19.
- Impact of infrastructure investments on cement demand.
- Shifts towards sustainable and alternative building materials affecting traditional cement demand.