In 2023, Malaysia's wine export volume stood at 2.0 Thousand Metric Tons, consistent with the previous four years. Over the last decade, the volume has ranged from a peak of 4.0 in 2015 and 2016 to a low of 1.8 forecasted for 2028. Despite some volatility, the 5-year CAGR points to a slight contraction of -1.08%, indicating a gradual decline. The year-on-year variation highlights significant drops in 2018 (-33.33%) and 2017 (-25%) and stabilization since 2019.
Future trends to watch for include changes in global wine demand, economic conditions in Malaysia, and potential market diversification. Monitoring local production and competitive exports will also be crucial in understanding future dynamics of Malaysia's wine export volume.
