The analysis of Soya Sauce exports from Malaysia to Belgium indicates a consistent growth trend. As of 2023, the export value stood at 24.0 thousand US Dollars, marking a year-on-year increase of 4.35%. Over the past two years, exports grew by 4.55% in 2022 and 4.76% in 2021, demonstrating steady upward movement. From 2014 to 2023, the compound annual growth rate (CAGR) averaged around 4.78%, showing robustness in this market.
Forecasts for the upcoming years predict a stable increase, with the export value anticipated to reach 29.0 thousand US Dollars by 2028. The expected 5-year CAGR stands at 3.01%, projecting a moderate but continuous growth trend over future years. Key trends to watch for include potential shifts in consumer preferences, impacts of trade policies, and global economic conditions influencing international trade dynamics.
