The volume of the orange and mandarines market in Malaysia stood at 160 thousand metric tons in 2023. Over the past ten years, the market has experienced minor fluctuations, with notable peaks in 2016 and 2018 at 172 thousand metric tons and 162 thousand metric tons, respectively. However, the general trend has seen a slight dip, particularly after 2016. The recent data shows stability, with no year-on-year variation from 2022 to 2023.
Year-on-year variations have shown some volatility in the past, such as a significant decrease of -10.47% in 2017 followed by an increase of 5.19% in 2018. However, since 2019, the market has generally stabilized. The compound annual growth rate (CAGR) over the last five years stands at -0.25%.
Future trends to watch for:
- Market growth is expected to remain relatively stable from 2024 onwards, with a slight forecasted decline to 159 thousand metric tons by 2028.
- The forecasted average variation per year over the next five years is -0.13%, indicating a very gradual decline.
- Potential factors that could impact this market include changes in consumer preferences, import regulations, and overall economic conditions in Malaysia.
