In 2023, the import volume of Vitamin B12 to Malaysia stood at 18.94 thousand kilograms. The forecasted data from 2024 to 2028 indicates a consistent downturn in import volume, with year-on-year variations as follows: -1.28% for 2024, -1.28% for 2025, -1.25% for 2026, -1.20% for 2027, and -1.21% for 2028. Over the next five years, the compound annual growth rate (CAGR) is projected to be approximately -1.24%, indicating a gradual decline in imports.
Future trends to watch for include potential changes in dietary habits, local production capacities, and policy adjustments relating to import regulations. Additionally, innovations in synthetic and natural alternatives to Vitamin B12 could impact the import needs.
