The import of animal feed to Malaysia has shown variable trends over the past decade. The overall upward growth trajectory has witnessed certain fluctuations. Between 2013 and 2023, the value increased from 294.59 million USD to 420.59 million USD, reflecting a cumulative annual growth rate (CAGR) of around 2.41%. Significant growth spurts were observed in 2017 (17.36%) and 2018 (14.63%), although there were declines in 2015 (-4.09%) and 2016 (-4.01%). Recent years have seen more moderate, yet consistent growth, with a year-on-year increase of 2.89% in 2023.
Moving forward, the forecast from 2024 to 2028 indicates steady growth, with the import value expected to reach 476.22 million USD by 2028. The forecasted 5-year CAGR stands at 1.96%, projecting a 10.19% overall growth rate. This steady growth reflects an ongoing demand for animal feed, driven by the Malaysian livestock industry's expansion and rising dietary needs.
Future trends to watch for include shifts in global feed prices, changes in local agricultural policies, advancements in feed technology, and potential impacts of environmental considerations on feed production and importation. Monitoring these factors will be crucial for predicting and adjusting strategies for animal feed imports in Malaysia.
