The import of cocoa and cocoa preparations to Malaysia in 2023 stood at 1.154 billion US dollars. Forecasted values for 2024 through 2028 show a steady increase, reaching 1.2249 billion US dollars by 2028. Year-on-year variations indicate a consistent growth trajectory, with annual increases ranging from 1.2% to 1.4%. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is approximately 1.2%.
Future trends to watch for include fluctuations in global cocoa prices, potential changes in trade policies, and shifts in consumer demand for cocoa products. Additionally, monitoring technological advancements in cocoa production could impact import volumes and values.
