In 2023, wholesale trade revenue in Malaysia stood at 131.1 billion Malaysian Ringgits. Reviewing from 2013 to 2023, strong growth was observed with a noticeable dip in 2020 due to economic disruptions, followed by a recovery trend. Particularly noteworthy is the substantial increase in 2022, with a year-on-year variation of 12.31%, reflecting post-pandemic recovery.
Analyzing the past five years, the compound annual growth rate (CAGR) averaged 4.56%. Future forecasts indicate a steady growth with a CAGR of 3.17%, reaching 160.14 billion Malaysian Ringgits by 2028, representing a total growth of 16.87% over five years.
Future trends to watch for:
- Adaptation to digital transformation and e-commerce integration.
- Impact of global supply chain shifts and regional trade pacts.
- Economic rebounds post-pandemic and geopolitical stability.