The import of refractory ceramic constructional goods to Malaysia has shown a fluctuating trend over the past decade. Starting at 41.975 million USD in 2013, there have been significant year-on-year variations, ranging from a high of 173.91% in 2018 to a low of -26.47% in 2017. The value for 2023 stood at 107.25 million USD. Over the last two years, there was a year-on-year increase of 4.03% in 2023. The five-year CAGR leading to 2023 demonstrates a minor average variation per year of 0.54%. The forecasted 5-year CAGR from 2024 to 2028 is 2.89%, indicating an expected overall growth of 15.33% by 2028.
Future trends to watch for include the potential impact of technological advancements and market demand fluctuations in the construction industry, which could influence the import value of refractory ceramic goods. Additionally, global economic conditions and trade policies may also play a significant role in shaping this market.
