The beer import volume in Malaysia has shown significant fluctuations over the past decade, peaking at 83.0 thousand metric tons in 2016 before decreasing to 65.0 thousand metric tons by 2023. Key variations include a substantial increase of 27.69% in 2016 followed by a sharp decline of 22.37% in 2018. The period from 2019 to 2023 saw more stability with a minor CAGR of 1.96%. As of 2023, the value stood consistently at 65.0 thousand metric tons, indicating a stabilization in recent years.
Future trends to watch for:
- A minimal forecasted growth rate of 0.28% over the next five years with a forecasted CAGR of 0.06%, suggesting continued stability in beer import volumes.
- Potential market impacts due to regulatory changes, economic conditions, and shifts in consumer preferences that could influence future import volumes.
