Forecast: Alcoholic Beverages Import Volume in Malaysia

From 2014 to 2023, Malaysia's alcoholic beverages import volume showed moderate fluctuations. In 2023, it stood at 132 Thousand Metric Tons. The year-on-year variation showed mixed trends, with notable increases in 2015 and 2016 by 3.36% and 8.94%, respectively, and a significant decrease of 11.19% in 2017. The CAGR from 2019 to 2023 was low at 0.15%, indicating slight growth over this period.

Forecasts from 2024 to 2028 suggest a gradual increase, with a forecasted CAGR of 0.43% and an overall growth rate of 2.18% by 2028. This indicates a steady and controlled rise in import volume.

Future trends to watch for include:

• Changing consumer preferences towards premium alcoholic beverages.
• The impact of new import regulations and tariffs.
• The influence of health trends on alcohol consumption patterns.
• Potential growth in local production reducing the need for imports.