The soybean oil import in Malaysia in 2023 was reported at 95.0 thousand metric tons. Forecast data indicates a gradual increase from 2024 to 2028, beginning with 97.0 thousand metric tons in 2024, reaching up to 102.0 thousand metric tons by 2028. Year-on-year, the imports are expected to grow consistently, with a steady increase of approximately 1-2%. The compounded annual growth rate (CAGR) over the last five years stands at about 1.88% per year.

Future trends to watch for:

Possible price fluctuations in the global soybean oil market impacting import volumes.
Changes in local agricultural policies or incentives that could affect the supply side.
Market dynamics and demand shifts in related industries like food processing and biodiesel.