Forecast: Import of Coffee to Malaysia

The import of coffee to Malaysia has demonstrated fluctuating growth rates over the years. In 2013, the import value was $206.8 million, showing significant growth with occasional slight dips, such as a -5.49% YoY decrease in 2016. However, the overall trend has been upward, culminating in a value of $301.02 million in 2023. From 2013 to 2023, the CAGR has generally reflected positive growth, averaging around 3.82% in 2023. The year-on-year variations have shown more pronounced growth in certain years, with notable increases such as 19.01% in 2017 and 9.25% in 2021.

Looking forward, the forecasted data suggests a steady but slower growth. The forecasted CAGR for the next five years stands at 2.48%, indicating a more moderate increase compared to the historical data. The total growth rate is expected to be 13.03% from 2024 to 2028. Therefore, stakeholders should watch for steady growth and potential shifts in global coffee prices and supply chain factors that could impact the forecast.

Future trends to watch for:

• Global coffee price fluctuations
• Supply chain disruptions
• Changes in consumer preferences towards specialty coffee
• Economic policies affecting import tariffs and regulations