The wine import volume in Malaysia is projected to increase steadily from 12.21 thousand metric tons in 2024 to 13.01 thousand metric tons by 2028. In 2023, the actual import volume stood at 12.00 thousand metric tons. Observing the year-on-year variation, there is a consistent growth rate: 1.64% (2024), 1.64% (2025), 1.69% (2026), 1.65% (2027), and 1.48% (2028). The Compounded Annual Growth Rate (CAGR) over the last five years from 2023 to 2028 is approximately 1.65%.
Future trends to watch for:
- Changing consumer preferences towards premium wines
- Impact of trade policies on import tariffs and duties
- Fluctuations in exchange rates affecting cost and volume of imports
- Economic conditions and disposable incomes influencing demand
