The domestic consumption of wheat in Malaysia for 2023 stood at 1.80 million metric tons. Forecast data from 2024 onward show an incremental growth trend, with consumption expected to rise to 1.83 million metric tons in 2024 and further increase to 1.93 million metric tons by 2028. The year-on-year variation from 2023 to 2024 is approximately 1.67%, continuing with an average annual growth rate of around 1.34% over the next five years (2024-2028). The Compound Annual Growth Rate (CAGR) is indicative of a steady increase in consumption, suggesting a stable demand trajectory.
Future trends to watch for include the impact of economic growth on food consumption patterns, government policies on agricultural imports, and potential shifts in dietary preferences toward wheat-based products. Additionally, monitoring global wheat prices and supply chain disruptions will be crucial as they could influence domestic consumption patterns in Malaysia.
