Forecasted domestic orange consumption in Malaysia is on a steadily rising trend. For 2024, the consumption is expected to be 117.63 thousand metric tons, increasing to 121.01 thousand metric tons by 2028. When analyzing year-on-year variations, we observe an annual growth rate of approximately 0.72%. The compound annual growth rate (CAGR) for the five-year period from 2024 to 2028 is around 0.72%, indicating consistent growth. This forecasted trend is derived from data starting with 2023, when actual consumption data stood at 116.78 thousand metric tons.
Future trends to watch for in the domestic orange market in Malaysia include potential impacts from climatic changes, shifts in consumer preferences towards health and wellness, and possible changes in import policies or tariffs affecting orange supply. Monitoring these factors could be crucial for understanding and anticipating further market fluctuations.
