The sweeteners export volume from Malaysia has shown significant fluctuations between 2014 and 2023, with a notable decrease observed from 2018 onwards. In 2023, the export volume stood at 767 thousand metric tons. Year-on-year variation in 2023 was -0.78%, indicating a decline. The Compound Annual Growth Rate (CAGR) over the last five years is 0.29%, suggesting a general stability despite yearly variations. Significant drops were seen in 2018 (-15.44%) and 2020 (-5.84%), while 2019 and 2021 showed modest recoveries.
The forecasted data up to 2028 predicts a continued slight downward trend with a forecasted 5-year CAGR of -0.69%, leading to an estimated volume of 734.18 thousand metric tons by 2028. This points towards a gradual decline in the export volumes.
Future trends to watch include potential impacts of global health trends favoring natural sweeteners, international trade agreements, and changes in domestic production capacities. Monitoring these factors could provide better insights into the direction of Malaysia's sweetener export market.
