Malaysia’s construction market was valued at around USD 35.5 billion in 2023, with projections to reach USD 49.5 billion in 2024 and potentially grow to USD 67.3 billion by 2033 (CAGR ≈ 6.6 %) By early 2025, the sector was expanding at approximately 6.1% annually, with forecasts to JPY 70.4 trillion (~USD 50 billion) in 2025 and further expansion through 2029.
Quarterly growth trends: construction output jumped 16.6% year-on-year in Q1 2025, though this was slower than Q4 2024's 23.1% spike.
Key sub-sectors by share in total construction work (≈ RM102 billion / ~$32 billion): o Non-residential buildings: ~34.6% o Civil engineering (roads, infrastructure): ~30.6% o Residential buildings: ~29.7% o Specialized trades: ~5.1%
In 2023, Malaysia imported approximately US $65.6 million in prefabricated buildings globally; imports from India were just US $24,940 (~2 thousand USD in weight ~2.16 tonnes) India’s share increased slightly from US $147,880 in 2019 (~0.15 million USD) to the 2023 figure above, but remains minimal in absolute value.
Malaysia imported US $39.9 million worth of iron & steel articles from India in 2024. Top categories included structural parts (~US $3.9 m), tubes and profiles (~US $4.7 m), cast articles (~US $5.7 m), screws/bolts (~US $5.9 m)
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