The export value of condiments from Malaysia exhibited fluctuations over the past decade, standing at $210.61 million in 2023. Notable year-on-year variations included significant downturns in 2014 (-14.75%) and 2015 (-5.98%), followed by a strong rebound in 2016 (21.73%). More recently, CAGR over the last five years showed a gradual upward trend, with an average annual increase of 3.14% from 2018 to 2023.
Future trends to watch for include: - A stable forecasted CAGR of 2.06% from 2024 to 2028. - Continued gradual growth rate with a forecasted increase of 10.72% over the next five years. - Potential impacts of global economic conditions, trade policies, and shifts in consumer preferences.
