Malaysia's beef production has shown a consistent decline from 51.7 thousand metric tons in 2013 to 36.9 thousand metric tons in 2023, reflecting a long-term downward trend. The production peaked briefly in 2014 at 52.9 thousand metric tons but has been on a progressive decline since. Over the last two years, there was a slight recovery in 2022 with a 4.35% increase, but it dipped again by 3.91% in 2023. The compound annual growth rate (CAGR) over the last five years has been -4.68%, indicating a sustained reduction.
Looking ahead, the forecast predicts a continued decrease in beef production, dropping to 29.4 thousand metric tons by 2028. The projected five-year CAGR is -3.65%, accounting for a 16.95% decrease over this period.
Trends to watch for in the future include the impact of regulatory changes, shifts in consumer preferences towards alternative proteins, and any innovations in agricultural technology that may alter livestock production efficiency.
