Between 2013 and 2023, Malaysia's agricultural raw materials exports experienced significant fluctuations, with overall declines being the general trend. The year-on-year variation saw notable decreases, particularly in 2014 (-18.72%) and 2022 (-16.81%), despite occasional growth in years like 2017 (9.81%). By 2023, the exports stood at 1.21 units, achieving a marginal year-on-year increase of 1.42%. The 5-year CAGR from 2023 to 2018 registered at -6.39%, indicating a consistent downward trend. Looking forward, from 2024 to 2028, the forecasted CAGR is -6.69%, predicting a further decline of 29.28% by 2028.
Future trends to watch for include the impact of global supply chain disruptions, climate change on crop yields, and potential shifts in trade policies. Monitoring advancements in agricultural technology and sustainable farming practices will also be essential for anticipating market changes.
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