The refined sugar production in Malaysia experienced fluctuations between 2013 and 2023, with values peaking in 2016 and 2022. As of 2023, it stood at 1.5346 million metric tons, reflecting an 11.07% year-on-year decrease compared to the previous year. Over the last five years, the average annual growth (CAGR) has declined by 1.29%.
Looking forward, production is forecasted to decrease further, with an estimated annual decline (CAGR) of 0.69% over the next five years, resulting in a cumulative decrease of 3.39% by 2028.
Future trends to watch for include:
-Impact of government policies and regulations on the sugar industry.
-Shifts in global sugar markets and trade agreements.
-Technological advancements and efficiency improvements in production.
