The export volume of concentrated orange juice from Singapore to Malaysia has shown significant fluctuation over the years, from 828 metric tons in 2013 to 2030 metric tons in 2023. Year-on-year variations have been quite inconsistent, ranging from a high increase of 145.53% in 2014 to a decline of 48.72% in 2017. Specifically, over the past two years, the volume increased by 15.12% from 2022 to 2023. The compound annual growth rate (CAGR) over the last five years stands at 4.35%, indicating moderate overall growth despite yearly variations.
Forecasted data from 2024 onwards suggests a modest yet consistent growth pattern, with a projected increase to 2530 metric tons by 2028. The forecasted 5-year CAGR is expected at 3.49%, with a total growth rate of 18.69% over the same period.
Future trends to watch for include potential market responses to global supply chain changes, evolving consumer preferences in Malaysia, and economic factors that may influence both production capabilities in Singapore and demand dynamics in Malaysia.
