The forecast for the export of Aluminium and Articles Thereof from Malaysia demonstrates a steady upward trend. For 2024, the export value is projected at 4.8686 billion USD, which continues to rise annually to reach 5.6514 billion USD by 2028. Compared to the actual export value in 2023, the forecasted data suggests a consistent year-on-year growth.
Variations indicate:
- 2024: 4.8686 billion USD
- 2025: 4.14% increase (5.0703 billion USD)
- 2026: 3.89% increase (5.2679 billion USD)
- 2027: 3.67% increase (5.4616 billion USD)
- 2028: 3.47% increase (5.6514 billion USD)
The compound annual growth rate (CAGR) suggests an average annual increase of approximately 3.79% from 2024 to 2028.
Future trends to watch for include potential impacts from global economic fluctuations, shifts in trade policies, advancements in aluminium production technology, and environmental regulations that might influence both the cost and demand for aluminium exports from Malaysia.
