Malaysia's export of sparkling grape wines has demonstrated a varied growth pattern. From 2013 to 2018, values saw significant fluctuations, with notable increases in 2014 (141.7%) and 2018 (28.03%), but also dips in 2015 (-30.09%) and 2016 (-20.75%). Post-2018, there has been a relatively stable upward trend, particularly from 2018 through 2023 where the values ranged between approximately 3-3.6 million USD. The year-on-year variation for 2023 stands at 4.02%, with a CAGR of 3.24% over the last five years. The projection until 2028 suggests a steady growth rate, with a forecasted 5-year CAGR of 2.89% and an overall growth of 15.28% during this period.
Future trends to watch for:
- Monitoring the global economic conditions that could impact export demand.
- Assessing changes in trade policies and tariffs affecting the wine industry.
- Evaluating emerging markets and consumer preferences driving the demand for sparkling grape wines.
- Technological advancements in production and export logistics.
- Environmental factors affecting grape production and subsequent wine export quality.
