In 2023, Malaysia imported stone, plaster, cement, asbestos, and mica, with imports valued at approximately 362.0 million USD. Forecasted data for the next five years shows a steady increase in these imports, with an anticipated value of 371.94 million USD in 2024, rising to 412.09 million USD by 2028. This indicates a consistent growth rate.
Year-on-year percentages reveal a gradual upward trend, with an average annual increase of about 2.82% from 2024 to 2028. Over the last two years, this compounded annual growth rate (CAGR) suggests a measured growth trajectory.
Future trends to watch for include potential impacts from regional trade agreements, changes in domestic construction activity, and the influence of global economic conditions on import volumes and values. Monitoring shifts in demand for construction materials within Malaysia and broader Southeast Asia could also provide essential insights into these forecasts.
