The import of fresh berries to Malaysia has shown a consistent upward trend from 2013 to 2023, increasing from $40.912 million to $85.461 million. Between 2021 and 2023, the year-on-year growth rate was 4.19% and 3.94%, respectively. The CAGR from 2018 to 2023 was 4.47%, indicating steady annual growth. Forecasts from 2024 to 2028 suggest a moderate increase, with value expected to reach $100.7 million by 2028. The projected five-year CAGR is 2.59%, showing a slower pace but continued growth.
Future trends to watch for:
- Potential market saturation leading to slower growth rates.
- Rising consumer demand for healthy and fresh produce.
- Impact of global trade policies and tariffs on import prices.
- Improvements in cold chain logistics enhancing berry availability.
