The import of Coconuts, Brazil Nuts, and Cashew Nuts to Malaysia expanded significantly from 2013 to 2023, growing from 21.157 million USD to 101.9 million USD. 2023 exhibited a YoY increase of 4.78%, consistent with a 5-year CAGR of 5.33%. Earlier, growth was volatile; 2013 saw a substantial drop, followed by considerable spikes in subsequent years. The upward trajectory has since stabilized, with progressive growth in the last few years.
Projected forecasts from 2024 to 2028 show a consistent growth trend, with a 5-year CAGR of 3.07% and a total expansion rate of 16.29%. This steady growth reflects a mature market approaching saturation and reduced volatility.
Future trends to watch for:
- Changes in global coconut, Brazil nut, and cashew production, which may influence prices and volumes. - Potential trade policy alterations that could impact import tariffs and trade flows. - Shifts in consumer demand driven by health trends, influencing market dynamics.