Based on the data provided, South Korea's exports of frozen vegetables to Malaysia are forecasted to increase from 9,000 USD in 2024 to 11,000 USD by 2028. In 2023, the export value stood at 8,000 USD. The year-on-year growth rate observed is approximately 11.1% from 2023 to 2024, 11.1% from 2024 to 2025, 0% from 2025 to 2026, 10% from 2026 to 2027, and 0% from 2027 to 2028. The compound annual growth rate (CAGR) from 2024 to 2028 is roughly 4.9%.
Future trends to watch for include potential impacts of trade agreements, changes in consumer demand in Malaysia, advancements in freezing technology affecting product quality, and potential economic fluctuations in both countries that could affect trade volumes and values.
