From 2014 to 2023, meat production in Malaysia has shown a fluctuating trend with periods of both growth and decline. The value in 2023 stands at 1.97 million metric tons. Significant changes were seen, like the highest year-on-year growth of 5.59% in 2021 and the steepest decline of -4.71% in 2020. The Compound Annual Growth Rate (CAGR) over the last five years remains relatively modest at 0.39%.
Going forward, from 2024 onwards, projections indicate a steady increase in meat production, expected to reach 2.0 million metric tons by 2028, with a forecasted 5-year CAGR of 0.24%. This signifies a stable, although slow, growth trajectory. Future trends to watch for include potential innovations in sustainable meat production, rising domestic demand, and the impact of global trade policies on local manufacturing. Efficiency improvements and advancements in agricultural technology may also play crucial roles in setting the production dynamics.
