From 2013 to 2023, the import value of prepared or preserved nuts, seeds, and mixes to Malaysia showed notable year-on-year increases, with peak variations in 2015 (31.56%) and 2013 (31.77%). The import value stood at $40.783 million in 2023. Over the past five years, the CAGR (Compound Annual Growth Rate) averaged 4.63%, indicating a steady growth trajectory. Although the growth rate has slightly diminished over the years, the trend still indicates an upward movement.
Future projections suggest a continuous rise, with a forecasted CAGR of 2.91% from 2023 to 2028, resulting in a cumulative growth rate of 15.41% over the same period. This suggests that while growth might slow down compared to the previous decade, the market will continue to expand.
Future trends to watch for:
- Increasing health consciousness boosting demand for healthy snacks.
- Potential supply chain disruptions affecting import volumes.
- Changes in trade policies that may impact import costs and availability.
- Introduction of new varieties or blends catering to local tastes.
