As of 2023, Malaysia's wheat supply stood at 2.25 million metric tons. The forecasted data from 2024 to 2028 shows a steady increase in supply. In 2024, the wheat supply is expected to reach 2.29 million metric tons, representing a 1.78% year-on-year increase from 2023. Over the following years, the supply continues to grow, with projections of 2.32 million metric tons in 2025, 2.34 million metric tons in 2026, 2.36 million metric tons in 2027, and 2.39 million metric tons in 2028. This results in an average annual growth rate (CAGR) of approximately 1.54% over the five-year period from 2024 to 2028.
Future trends to watch for:
- Global wheat market fluctuations impacting imports.
- Local agricultural policies affecting wheat production.
- Technological advancements enhancing yield efficiency.
- Climate change effects on wheat cultivation and supply stability.
