The import of iron ores and concentrates to Malaysia is forecasted to rise steadily from 2024 to 2028. The actual value in 2023 stood at 1.2410 billion US Dollars. From 2024 through 2028, the projected values increase year-on-year, showcasing consistent growth. The year-on-year percentage variations are as follows: a 4.17% increase from 2024 to 2025, 3.89% from 2025 to 2026, 3.66% from 2026 to 2027, and 3.48% from 2027 to 2028. Over the five-year period, this results in a compound annual growth rate (CAGR) of approximately 3.80%.
Future trends to watch for include potential impacts from global trade policies, fluctuations in the global iron ore market prices, and shifts in Malaysia's domestic demand and industrial output which may further influence these import levels.
