Analyzing the forecasted domestic consumption of corn in Malaysia, we note a steady increase from 2024 to 2028, with values ranging from 3.89 to 4.07 million metric tons. The year-on-year variation shows a gradual growth, with an average annual increase of around 1.0%. As of 2023, domestic consumption stood at 3.84 million metric tons, demonstrating a consistent upward trend over the past two years. Over the five-year period, the compound annual growth rate (CAGR) suggests an average annual increase of approximately 1.15%. These figures indicate sustained growth in domestic corn consumption in Malaysia.
Future trends to watch for include changes in agricultural policies, potential shifts in corn import-export dynamics, advancements in agricultural technology, and evolving demand from the livestock and food industries, which could further influence the growth trajectory of corn consumption.
