The import value of fresh apples to Malaysia has shown an overall increasing trend from 2013 to 2023, starting from 84.044 million USD in 2013 and reaching 138.93 million USD in 2023. The growth between 2013 and 2017 featured significant fluctuations with high variance, while the period from 2018 to 2023 witnessed steadier annual increases. Specifically, the year-on-year growth rates over the last two years were 3.61% for 2022 and 3.41% for 2023. The Compound Annual Growth Rate (CAGR) over the last five years was 4.22%.
Future trends suggest continued moderate growth in apple imports, with forecasted values steadily increasing to 160.5 million USD by 2028. The forecasted 5-year CAGR is 2.28%, indicating slight deceleration compared to recent historical growth. Watch for potential impacts from changes in consumer preferences, local fruit production, and trade policies which could influence import dynamics.
