The grapes market in Malaysia has shown a consistent upward trend from 2014 to 2023, reaching a volume of 44.0 thousand metric tons in 2023. Over the past two years, the year-on-year variation was approximately 2.33%. Looking at a longer timeline, the average annual growth rate (CAGR) over the last five years was 1.42%. The market experienced significant year-on-year increases in specific years, such as 2015 (9.09%) and 2017 (8.11%), indicating periods of accelerated growth. However, in years like 2019 and 2021, growth stagnated at 0%.
Future trends to watch include a forecasted 1.33% annual growth rate (CAGR) over the next five years, reaching 47.0 thousand metric tons by 2028. This reflects a total growth of 6.82% from 2023 to 2028, suggesting steady, albeit modest, market expansion. Key factors to monitor will be changes in consumer preferences, climatic conditions affecting grape production, and potential advancements in agricultural practices and technology.
