The forecasted import of ammonia to Malaysia, in million US dollars, shows a consistent decline from 2024 to 2028: 8.5614 in 2024, 8.102 in 2025, 7.6519 in 2026, 7.2108 in 2027, and 6.7785 in 2028. Compared to the actual data from previous years, the 2023 import value stood at 9.042 million US dollars. Year-on-year percentage variations indicate a decreasing trend, with significant contractions observed over the years. Specifically, the CAGR from 2024 to 2028 indicates a negative average annual variation over these five years.
Future trends to watch for include potential changes in global ammonia production and prices, shifts in demand due to industrial applications in Malaysia, and alterations in trade policies or tariffs. Additionally, emerging technologies and sustainable practices in ammonia production could impact import needs and economic strategies.
