In 2023, the supply of tangerines and mandarins in Malaysia stood at an actual volume of approximately 78 Thousand Metric Tons. Forecasted data indicates a steady increase, reaching 79.98 Thousand Metric Tons in 2024, and continuing to 87.68 Thousand Metric Tons by 2028.
Year-on-year, the supply is projected to grow as follows:
- From 2024 to 2025: 2.4% increase
- From 2025 to 2026: 2.4% increase
- From 2026 to 2027: 2.3% increase
- From 2027 to 2028: 2.2% increase
Looking at the past two years from 2022 to 2023, this growth represents an annual average growth rate (CAGR) of approximately 2.3% over the last five years, indicating a consistent upward trend in supply.
Future trends to watch for include potential impacts of climate change on crop yields, market demand shifts due to changing consumer preferences towards other fruits, and possible innovations in agricultural practices that may affect production efficiencies and output.
