Forecast: Import of Machines for Public Works, Building to Malaysia

The import of machines for public works and building to Malaysia stood at $33.667 million in 2023. This value represents a slight growth compared to the previous years, specifically a 2.8% increase from 2022. Over the past decade, imports have shown significant volatility, characterized by sharp decreases in the mid-2010s followed by a substantial recovery in later years. The Compound Annual Growth Rate (CAGR) over the last five years has been relatively flat, indicating subdued overall growth.

However, the forecast for the next five years shows a steady upward trend, with the CAGR expected to be around 2.1%, leading to an overall growth rate of 10.93% by 2028. Future trends should be closely monitored, including:

• The influence of infrastructural development projects on import volumes.
• Government policies impacting public works and construction sectors.
• Economic factors such as exchange rates and global supply chain dynamics.