Forecast: Cassava Market Size Volume in Malaysia

The Cassava market in Malaysia saw fluctuating volumes from 2014 to 2023, peaking at 68.0 Thousand Metric Tons in 2015 and declining to a stable 49.0 Thousand Metric Tons from 2021 to 2023. The year-on-year variation was significant, with a notable rise of 36% in 2015, followed by decreases, with a considerable drop of 14.75% in 2017. Stability ensued from 2020 to 2023, witnessing zero percent variation. The past five-year CAGR up to 2023 was modest at 0.41%. Forecasts for 2024 and beyond predict a slight decline, with a 2028 forecasted 5-year CAGR of -0.41%, and an overall growth rate decreasing by 2.04%.

Future trends to watch for:

  • Potential shifts in agricultural policies impacting cassava farming.
  • Advancements in cassava processing technology influencing market demand.
  • Changing dietary patterns or alternative uses (biofuel, industrial applications) potentially creating variations in demand.

Top Countries about Cassava