The forecast for refined sugar exports from Malaysia to Indonesia outlines a fluctuating but largely declining trend from 2013 to 2018, with values dropping precipitously by over 60% during this period. Following this, a recovery phase is observed from 2019, showing a gradual rise, culminating in a value of $9.04 million in 2023. The year-on-year variations highlight significant volatility, with notable declines and rises. The most recent two years show modest growth rates of 6.21% and 5.79% in 2022 and 2023 respectively, contrasting with a strong 25.86% CAGR between 2019-2023.
Future projections from 2024-2028 indicate a continuing upward trend, with an anticipated 5-year CAGR of 3.72%, resulting in a more stable growth trajectory. The total growth rate expected over this period is 20.06%, suggesting a steady increase in export values.
Trends to Watch:
- Market dynamics in Indonesia affecting sugar demand
- Trade policies between Malaysia and Indonesia
- Global sugar prices and production levels
- Technological advancements in sugar production and refining
- Environmental regulations impacting sugar cultivation and processing
