The production of rice and related products in Malaysia has shown a steady increase over the years. In 2023, the production stood at 2.94 million metric tons, reflecting a year-on-year increase of 1.87%. This follows a consistent upward trend with a 5-year CAGR of 2.17% from 2018 to 2023.
Historical data reveals fluctuations, with substantial growth in 2015 followed by minor declines and increments until 2020. Post-2020, the trend of incremental growth resumed, leading to the highest production level observed in 2023.
The forecasted data indicates continuous growth, projecting a production of 3.22 million metric tons by 2028, with a 5-year forecasted CAGR of 1.46% and an overall growth rate of 7.5%.
Future trends to watch include potential impacts of climate change on agricultural yields, advancements in rice farming technology, and shifts in governmental agricultural policies, all of which could significantly influence production outcomes beyond the current projections.
