In 2023, the import of milk powder to Malaysia stood at a certain number of million kilograms.
Forecast data from 2024 to 2028 shows a consistent year-on-year increase in the volume of milk powder imports. The figures indicate a steady rise, with 2024 expected to see 145.89 million kg, growing incrementally each year until reaching 156.78 million kg in 2028.
Year-on-year variations:
- 2024-2025: 1.93%
- 2025-2026: 1.85%
- 2026-2027: 1.78%
- 2027-2028: 1.71%
The Compound Annual Growth Rate (CAGR) from 2024 to 2028 shows an average annual increase of approximately 1.81% in the import volume of milk powder to Malaysia.
Future trends to watch for include changes in domestic dairy production, shifts in consumer dietary preferences, potential trade policy adjustments, and the impact of global dairy market prices. These factors could influence import volumes and market dynamics in Malaysia over the next five years.
