The import of live poultry to Malaysia in 2023 stood at 22.7 million US dollars. Based on the forecasted data, the imports are expected to increase steadily over the next five years. The year-on-year variations are as follows:
- From 2023 to 2024: 2.51% increase
- From 2024 to 2025: 2.63% increase
- From 2025 to 2026: 2.51% increase
- From 2026 to 2027: 2.40% increase
- From 2027 to 2028: 2.30% increase
The Compound Annual Growth Rate (CAGR) over the forecasted period 2024-2028 is expected to be approximately 2.47%.
Future trends to watch for include changes in domestic poultry production, policy changes affecting import tariffs, and any potential impacts from disease outbreaks that may influence import demands. Additionally, consumption patterns and economic conditions in Malaysia will play a significant role in shaping the import market for live poultry.
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