In 2023, the import of parts of steam and vapour turbines to Malaysia stood at 2.5438 million kilograms. The forecasted data from 2024 to 2028 indicates a steady growth in import volume, starting at 2.6089 million kilograms in 2024 and reaching 2.902 million kilograms by 2028. Year-on-year variations show increment percentages of 2.9% in 2025, 2.8% in 2026, 2.6% in 2027, and 2.5% in 2028. The Compound Annual Growth Rate (CAGR) over the five years stands at approximately 2.7%, signifying a consistent upward trend.

Future trends to watch for:

Technological advancements in turbine efficiency and parts manufacturing could impact import volumes.
Policy changes and economic factors within Malaysia and its trading partners could influence import dynamics.
Environmental regulations may drive demand for more efficient and specialized parts.