The demand for grapes in Malaysia has shown a steady increase from 2014 to 2023, reaching 44.0 Thousand Metric Tons in 2023. Year-on-year variations over this period indicate significant annual changes, with a notable high of 9.09% in 2015 and a low of 0% in 2019 and 2021. The most recent data shows a year-on-year variation of 2.33% in 2023. When looking at the last five years, the CAGR stands at 1.42%, reflecting moderate growth in this period.
Future projections indicate a continued, albeit slow, rise in demand, with the forecasted value reaching 47.0 Thousand Metric Tons by 2028. The forecasted five-year CAGR is slightly lower at 1.33%, translating to an overall growth rate of 6.82% by 2028.
Future trends to watch for include changes in consumer preferences, potential impacts of economic factors, and shifts in agricultural production and import policies, which could influence the demand for grapes in Malaysia.
