The beer export volume in Malaysia has shown a declining trend over the past decade, decreasing from 114.0 thousand metric tons in 2014 to 78.0 thousand metric tons in 2023. Between 2014 and 2023, the Compound Annual Growth Rate (CAGR) was -1.23%. More recently, the year-on-year variation from 2022 to 2023 dropped by 2.5%. This trend is projected to continue from 2024 onwards, with a forecasted annual decrease of 2.55%, resulting in a total decline of 12.11% by 2028.
Future trends to watch for:
- Potential impact of changing consumer preferences towards lower-alcohol or non-alcoholic beverages.
- Influence of new regulations and tax policies on beer exports.
- Market disruptions due to geopolitical events or supply chain issues.
- Innovations in brewing technology and their effects on the market.
