The export of sugar confectionery from Malaysia has demonstrated steady growth over the past decade, with an initial value of 26.395 million kilograms in 2013. As of 2023, exports stood at 41.777 million kilograms. Notably, the export volume experienced fluctuations with notable increases in 2014 (+12.31%) and 2021 (+8.97%), but also slight declines such as in 2020 (-1.46%). The Compound Annual Growth Rate (CAGR) over the last five years has averaged 4.24%. Forecasts predict continued growth, with the volume expected to reach 48.459 million kilograms by 2028, representing a 5-year forecast CAGR of 2.33%.
Future trends to watch for include potential impacts of global supply chain disruptions, changes in trade policies, and increasing health consciousness among consumers which may affect the demand for sugar-based products. Innovations in product offerings and targeting emerging markets could also play a crucial role in sustaining export growth.
