The import of sugar confectionery to Malaysia shows a consistent upward trend from 2013 to 2023, with values increasing from 53.025 million USD in 2013 to 90.391 million USD in 2023. The year-on-year variations exhibit fluctuations: notable increases in 2015 (13.85%) and 2018 (13.25%), with mild contractions in 2013 (-2.11%) and 2020 (-1.54%). The CAGR reflects a robust growth trend, averaging 4.3% in 2013 and stabilizing at 2.93% in 2023. Future forecasts predict continued growth, with estimates reaching 104.56 million USD by 2028 and a forecasted CAGR of 2.29% over the next five years.
Future trends to watch for include potential impacts of new health regulations, changes in consumer preferences towards healthier or more premium confectionery options, and fluctuations in global sugar prices which could affect import costs and consumer prices in Malaysia.
