The import of electronic integrated circuits and microassemblies to Malaysia has exhibited fluctuations over the past decade, standing at $37.938 billion in 2023, suggesting a resilient market despite some instabilities. From 2013 to 2023, the market achieved a notable peak in 2021 with a 23.56% year-on-year growth, indicating strong demand recovery post-COVID-19 impact in 2020. The last two years showed a steady increase with 2.33% growth in 2023. The five-year CAGR leading to 2023 was 1.7%, reflecting moderate expansion.
Future forecasts (2024-2028) suggest continued growth at an average annual rate of 1.77%, with an expected market value of $42.457 billion by 2028. This represents a cumulative increase of 9.18% over this period.
Future trends to watch for:
- Technological advancements driving demand for higher-value integrated circuits.
- Potential shifts due to US-China trade policies influencing global supply chains.
- Increasing adoption of IoT, AI, and automation technologies in various sectors.
- Continued investment in semiconductor manufacturing facilities in the region.
