The Malaysian Dates Market Size Volume has experienced notable fluctuations throughout the past decade. The most significant inter-annual variation occurred in 2017 when the volume spiked by 53.33%, recovering from a considerable decline in the previous years. However, the market has generally exhibited stability with a CAGR of 1.22% from 2019 to 2023. In the latest year, 2023, the market stood at 17.0 Thousand Metric Tons, showing no year-on-year change, demonstrating a plateau in volume.
From 2024 onwards, the forecast indicates a marginal decline in market volume with a projected 5-year CAGR of -0.3%, leading to a volume of 16.66 Thousand Metric Tons by 2028. This indicates a slight contraction with an overall growth rate decrease of -1.48% over the five-year period.
Future trends to watch for include:
- Potential market stabilization as the minimal decrease in volume suggests a trend towards equilibrium.
- Impact of domestic and international policies on agricultural imports and exports that could affect market dynamics.
- Consumer preferences and shifts towards alternative dried fruits impacting the demand for dates.