The import of Virgin Olive Oil to Malaysia is forecasted to reach $11.827 million in 2024, $12.322 million in 2025, $12.808 million in 2026, $13.284 million in 2027, and $13.751 million in 2028. The value in 2023 stood at $11.345 million, marking a gradual increase. Year-on-year, the import value is expected to rise consistently by approximately 4.2%. The compound annual growth rate (CAGR) over the forecast period from 2024 to 2028 is projected at around 3.9%.
Future trends to watch for include changes in consumer preferences, trade policies, and economic conditions that could impact import levels. Additionally, monitoring advancements in the agricultural sector, particularly in olive oil production, could provide further insights into future market dynamics.
