The forecast for the import of cocoa beans to Malaysia shows a steady growth from 2024 to 2028. Starting at 809.3 million US dollars in 2024, the value is expected to increase to 838.39 million US dollars by 2028. This indicates a consistent upward trend in import values, reflecting a growing demand for cocoa beans in Malaysia. For context, in 2023, the value of imports was 802 million US dollars.
Year-on-Year variations:
- From 2023 to 2024, the import value increased by 0.91%.
- From 2024 to 2025, the import value is projected to rise by 0.93%.
- From 2025 to 2026, the import value is expected to grow by 0.90%.
- From 2026 to 2027, the forecasted increase is about 0.87%.
- From 2027 to 2028, the anticipated rise is approximately 0.85%.
The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is a moderate 0.89%, demonstrating a stable yet gradual increase in import values over this five-year period.
Future trends to watch for include global cocoa supply variations, changing consumer preferences, and potential trade regulations impacting imports. Monitoring these factors will be crucial in accurately adjusting future forecasts.
