In 2023, Malaysia's milk gross production stood at 21.02 million US dollars PPP. From the projected data, milk production is forecasted to see a gradual decline over the next five years. The values forecasted are 20.93 million in 2024, 20.84 million in 2025, decreasing gradually to 20.58 million by 2028.
Year-on-year percentage variations were:
- 2024: -0.43% compared to 2023
- 2025: -0.43% compared to 2024
- 2026: -0.43% compared to 2025
- 2027: -0.43% compared to 2026
- 2028: -0.39% compared to 2027
The compound annual growth rate (CAGR) for milk production from 2024 to 2028 is approximately -0.43%, indicating a modest but continuous decline over this period.
Future trends to watch for include the potential impact of changing consumer preferences, advancements in dairy farming technology, government policies affecting agricultural production, and broader economic conditions that may affect both the production capabilities and domestic and international demand for dairy products in Malaysia.
