The wheat consumption in Malaysia is forecasted to increase from 1.79 million metric tons in 2024 to 1.92 million metric tons in 2028. Considering the standing value in 2023, the forecast data shows an upward trend in wheat consumption.
The year-on-year percentage variations from 2024 to 2028 are as follows:
- 2024 to 2025: Increase of 1.68%
- 2025 to 2026: Increase of 2.20%
- 2026 to 2027: Increase of 1.61%
- 2027 to 2028: Increase of 1.59%
Over the five-year forecast period, the Compound Annual Growth Rate (CAGR) indicates the average growth rate per year.
Future trends to watch for include potential influences from global wheat market pricing, changes in domestic agricultural policies, and shifts in consumer dietary preferences in Malaysia. Monitoring these factors will be crucial for anticipating further changes in wheat consumption trends in the coming years.
