The exported cocoa butter from Malaysia to Vietnam has shown fluctuating trends over the years, with a notable peak in 2015 at 609 metric tons followed by declines and volatility until 2020. In 2023, the export volume stood at 521 metric tons, reflecting a steady upward growth with a year-on-year increase of 2.96% and an average CAGR of 8.04% over the past five years. Forecasts from 2024 to 2028 indicate a consistent incremental rise with a projected 5-year CAGR of 1.97%, suggesting more stable growth approaching a volume of 591 metric tons by 2028.
Future trends to watch for:
- Trade policy changes between Malaysia and Vietnam that may impact export volumes.
- Global market demand for cocoa butter and its derivatives influencing Malaysia's export capacity.
- Technological advances in cocoa butter processing that could enhance production efficiency.
- Potential environmental regulations affecting cocoa cultivation and production practices in Malaysia.