In 2023, the volume of imported tower cranes to Malaysia stood at 6.6685 million kilograms. Forecasts for the upcoming years suggest a gradual decline in imports: 6.6213 million kilograms in 2024, 6.5773 million kilograms in 2025, 6.5342 million kilograms in 2026, 6.492 million kilograms in 2027, and 6.4506 million kilograms in 2028.
Year-on-year percentage changes are as follows:
- From 2024 to 2025: -0.67%
- From 2025 to 2026: -0.67%
- From 2026 to 2027: -0.65%
- From 2027 to 2028: -0.64%
The Compound Annual Growth Rate (CAGR) over the last five years indicates an average annual decrease of approximately -0.73%.
Future trends to watch for include potential influences from economic policies, infrastructure development projects, and global supply chain fluctuations. Close attention should be paid to Malaysia’s internal infrastructure needs and any shifts in construction demand that could affect import volumes of tower cranes.
