Milk production in Malaysia has shown significant variability over the years. Starting from a steady rise at 82.99 thousand metric tons in 2013, it peaked marginally at 84.26 thousand metric tons in 2015. Thereafter, production faced a sharp decline of 46.61% in 2016, stabilizing on a downward slope with some minor recoveries until 2019. The period between 2020 and 2023 witnessed further declines, with 2023 standing at 41.11 thousand metric tons. From 2024, forecasts suggest a continued decrease, reaching down to 33.52 thousand metric tons by 2028. Year-on-year variations over the last two years were negative, indicating a persistent downward trend in milk production. The CAGR over the past five years averaged at -2.29%, while a forecasted 5-year CAGR is expected to be -3.24%, reflecting a further decline.
Future Trends to Watch For:
- Potential improvements in dairy farming practices and technology adoption.
- Government incentives for boosting local milk production.
- Impact of climate change on dairy farming in Malaysia.
