The import of animal feed preparations to Malaysia has shown a cyclical trend between 2013 and 2023. The value stood at 187.03 million kilograms in 2023, with significant fluctuations over this period. Initially, from 2013 to 2016, a decreasing trend was observed. However, post-2017, barring slight drops, the import volume consistently increased. The last two years showed a steady growth rate with the year-on-year variations being 1.22% in 2022 and 1.18% in 2023. The 5-year CAGR stood at a modest 0.45% at the end of 2023.
Forecasts from 2024 to 2028 indicate a steady upward trend, with an estimated 5-year CAGR of 0.85% and an overall growth rate of 4.31%. This indicates a stable but gradual increase in imports.
Future trends to watch for:
- Potential impact of global supply chain disruptions.
- Changes in domestic animal husbandry practices influencing feed import requirements.
- Trade policies and tariffs affecting import volumes.
- Technological advancements in feed preparation enhancing efficiency and reducing reliance on imports.
