The exports of concentrated orange juice from Malaysia to the Maldives demonstrate significant volatility over the historical period. In 2023, the volume stood at 17 Metric Tons, showing a modest increase of 6.25% year-on-year from 2022. The last five years reveal an average annual decline (CAGR) of -6.66%, indicating a broader downward trend.
Notably, recent years have seen dramatic fluctuations in year-on-year growth, with large drops in 2019 and 2020 followed by sharp increases in subsequent years. While the forecast data from 2024 onwards predict a stabilization at 17 Metric Tons, implying no growth (a forecast 5-year CAGR of 0%), historical trends suggest potential for future volatility.
Future trends to watch for include:
- Potential market stabilization or new fluctuations influenced by economic conditions or changes in demand.
- Impact of trade policies or agreements between Malaysia and the Maldives that could affect export volumes.
- Changes in consumer preferences or competition from alternative sources of orange juice in the Maldives.
