From 2013 to 2023, Malaysia's import of dried mushrooms and truffles witnessed significant fluctuations. In 2023, the import value stood at USD 56.241 million. The period saw a major spike in 2018, overshadowed by a decline in the following year. However, consistent growth resumed and continued steadily, peaking in 2023. The last two years showed moderate increases of 5.05% and 4.71%, respectively. The 5-year CAGR from 2018 to 2023 registered at a moderate 1.98%, marking a deceleration compared to previous years.
Looking ahead, the forecast for 2024-2028 projects an average annual growth rate (CAGR) of 3.02%, with an overall increase of 16.06% by 2028. This suggests a steady, albeit moderate, growth trajectory in the coming years.
Future trends to watch for include:
- Shifts in consumer preferences towards premium and specialty food products.
- The impact of global trade policies and import regulations.
- Advances in supply chain and preservation technologies.
- Potential influences of climate change on mushroom and truffle production.
