Analysis of the nuts demand in Malaysia from 2014 to 2023 reveals relatively stable consumption, with values consistently around 30 thousand metric tons, except for minor fluctuations in earlier years. In 2015, there was a notable 10% increase from 2014, followed by a slight 3.03% decrease in 2016 and a further 6.25% decrease in 2017. From 2018 onwards, demand stabilized, showing no year-on-year variation and maintaining a CAGR of 0% from 2019 to 2023. As we look ahead to 2024 and beyond, the five-year forecast indicates a continuation of this stability with no expected growth (0% CAGR).
Future trends to watch for:
- Potential shifts in consumer preferences or economic conditions that could introduce variability to the otherwise stable demand.
- Market opportunities for new nut-based products or health trends that may affect demand.
