The export of cocoa powder and cocoa cake from Singapore to Malaysia has experienced a fluctuating trend over the past decade. From a peak in 2014, volumes decreased significantly by 2019, showing substantial volatility. The last two years (2022 and 2023) demonstrated marginal year-on-year increases, stabilizing around 2.68 thousand metric tons. Over the last five years, the Compound Annual Growth Rate (CAGR) was modest at 1.98%, highlighting sluggish recovery and stabilization in recent years.
Forecasted data through 2028 indicates a steady but slow increase in export volumes, with a long-term CAGR forecast of 0.55% per year. Future trends include:
- Potential impacts of global market fluctuations on export stability.
- Technological advancements in production efficiency.
- Trade policy changes between Singapore and Malaysia.
