Based on the forecasted data from 2024 to 2028, the basic metals exports from Malaysia to China are expected to grow consistently each year. The values in billion US dollars are as follows:
- 2024: 1.9095
- 2025: 1.9828
- 2026: 2.0545
- 2027: 2.1249
- 2028: 2.1938
- 2025: 3.83%
- 2026: 3.61%
- 2027: 3.42%
- 2028: 3.24%
The Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 is approximately 3.52%.
In the coming years, it is crucial to monitor the demand for renewable energy technologies and electric vehicles in China, as they are likely to drive the demand for specific basic metals. Additionally, shifts in trade policies and economic conditions in both nations could impact these forecasts significantly.
