From 2013 to 2023, the import value of Vitamin B12 to Malaysia demonstrated significant fluctuation. The value in 2023 stood at 1,357.7 thousand USD. Notable variations include a substantial increase of 45.56% in 2017, followed by a continued upward trend in the majority of subsequent years, peaking in 2021 at 1,380.2 thousand USD. However, there were declines in 2015 (-13.44%) and 2022 (-5.32%). Over the longer period, the compound annual growth rate (CAGR) from 2018 to 2023 was 2.88%.
* Future Trends:
* The forecast suggests a consistent growth in the import value of Vitamin B12 to Malaysia, with an estimated CAGR of 2.5% from 2024 to 2028.
* The overall growth rate projected over the next five years is 13.17%, indicating steady demand and possible market expansion.
