Based on the recent data, the forecasted import of cocoa paste into Malaysia displays a consistent upward trend from 2024 to 2028. In 2023, the actual import value stood at $130.00 million. The year-on-year variation indicates a steady growth with increments of approximately 2.37% in 2025, 2.27% in 2026, 2.18% in 2027, and 2.08% in 2028. Over this five-year period from 2024 to 2028, the Compound Annual Growth Rate (CAGR) is approximately 2.23%.

Future trends to watch for:

Changes in global cocoa prices which could influence import costs.
Developments in Malaysia’s cocoa processing industry that might affect import volumes.
Potential shifts in consumer demand for chocolate products in Malaysia.
Trade policies and agreements that may impact tariff rates and import regulations.