The export volume of cocoa powder and cocoa cake from Malaysia to Thailand saw consistent growth from 2013 to 2023, standing at 16.56 thousand metric tons in 2023. The data showed significant fluctuations, with notable increases in 2016 (83.09%) and decreases in certain years like 2020 (-9.79%). Over the last two years up to 2023, the year-on-year variations were 3.16% and 3.04%, respectively. The compound annual growth rate (CAGR) over the past five years was 3.01%, indicating steady growth. Future projections suggest a continuous rise in exports with a forecasted CAGR of 2.11% over the next five years, expected to reach 18.92 thousand metric tons by 2028, signifying an 11.02% total growth rate from 2023.

Future trends to watch for:

Monitoring global cocoa production and price fluctuations, as they could impact export volumes.
Observing changes in trade policies between Malaysia and Thailand.
Assessing shifts in consumer preferences within Thailand towards cocoa products.