The maize processing industry in Malaysia experienced significant fluctuations over the past decade. From 2014 to 2017, the industry maintained a plateau at 17.0 thousand metric tons, followed by an impressive 117.65% surge in 2018. This steep rise was not sustained, as there was a 10.81% decline in 2019, before a steady climb from 2020 onwards. By 2023, the industry stood at 39.0 thousand metric tons, marking a modest 2.63% year-on-year growth.

Analyzing trends over the past five years shows a compound annual growth rate (CAGR) of 1.06%, indicating a stable though relatively slow growth pattern. Forecasts predict an average annual growth rate of 2.33% from 2024 to 2028, culminating in an expected value of 46.0 thousand metric tons by 2028.

Future trends to watch for:

Technological advancements in maize processing to increase efficiency.
Government policies and incentives promoting agricultural production and processing.
Shifts in global maize supply and demand affecting local industries.