In 2023, the planted area for flowers in Malaysia stood at 2.7 thousand hectares, consistent with the previous years. Between 2013 to 2023, there was a minor fluctuation with a peak at 2.7 thousand hectares and a dip to 2.6 thousand hectares in 2020. The most notable trend from 2018 to 2023 shows stabilization at 2.7 thousand hectares, with minimal variation year-on-year. The recent five-year CAGR hovered around 0%, reflecting a steady state in flower cultivation.
Looking ahead, the forecasted data indicates a slight increase to 2.8 thousand hectares by 2028. The forecasted five-year CAGR stands at 0.73%, suggesting modest growth. Future trends to watch include technological advancements in agriculture and potential shifts in market demand, likely to drive incremental increases in planted areas.
