The trend of Malaysia's cocoa powder and cocoa cake exports to Singapore from 2013 to 2023 has shown significant variability. The value in 2023 stands at 9.08 million USD, continuing a modest recovery trend seen since 2018. Year-on-year, the export value grew by 1.94% from 2022 to 2023. The last two years have seen small but consistent increases in export value. Over the past five years, the compound annual growth rate (CAGR) stands at 3.33%, indicating a slowly improving situation from a period of decline witnessed post-2013.

Future trends to watch for:

Given the forecast, the average growth rate over the next five years is expected to be around 1.41%.
Overall, a 7.26% growth in export value is anticipated by 2028, suggesting a steady but cautious optimism in this market segment.
Factors like global cocoa price fluctuations, trade policies, and Singapore's import demands will be critical in shaping future export dynamics.