The forecasted corn consumption in Malaysia for the years 2024 to 2028 shows a steady increase in volume. For reference, the actual corn consumption in 2023 stood at 345.0 thousand metric tons. The year-on-year variation indicates a gradual rise: 1.16% from 2024 to 2025, 0.85% from 2025 to 2026, 1.12% from 2026 to 2027, and 0.83% from 2027 to 2028. Over the last two years (2023 to 2025), the consumption increased by 8 thousand metric tons, equating to 2.32%. The compound annual growth rate (CAGR) over the five-year period from 2023 to 2028 is approximately 1.03% per year.
Future trends to watch for include potential changes in agricultural policies impacting corn production, shifts in dietary preferences towards corn-based products, and developments in trade dynamics that could influence corn supply and pricing. Monitoring these factors will be crucial for predicting future consumption patterns accurately.
- Steady consumption growth from 2024 to 2028
- Year-on-year variation indicates minor increases
- Last two years show a 2.32% overall increase
- CAGR over the five-year period is approximately 1.03%
