The import of fresh cheese to Malaysia has shown a steady rise from 2024 to 2028. In 2023, the volume stood at 3.85 million kilograms. Here's a year-on-year analysis for the anticipated period:
- 2024: 4.0045 million kg, a 4.0% increase from 2023.
- 2025: 4.1652 million kg, a 4.0% increase from 2024.
- 2026: 4.3227 million kg, a 3.8% increase from 2025.
- 2027: 4.477 million kg, a 3.6% increase from 2026.
- 2028: 4.6282 million kg, a 3.4% increase from 2027.
The compound annual growth rate (CAGR) over this five-year forecasting period is approximately 3.76% per year.
Future trends to watch for include changes in consumer preferences towards fresh cheese, potential trade policy adjustments, and new market entrants which could impact the import volumes. Additionally, monitoring fluctuations in global dairy prices and their effects on import costs will be crucial.
