Malaysia's beef meat production has experienced fluctuations over the past decade. From a peak production of 45.85 thousand metric tons in 2014, it dipped to 38.67 thousand metric tons in 2017, showing a declining trend. Despite some recovery to 40.9 thousand metric tons in 2023, production levels remain below the 2013 figures. Year-on-year variations indicate periods of both growth and decline, with recent years showing slow but positive growth.
From 2021 to 2023, the production increased modestly by around 0.85% each year. The compound annual growth rate (CAGR) from 2018 to 2023 registered a 0.42% increase. Looking ahead to 2028, the projected CAGR is 0.68%, signifying a slow but steady growth trajectory with a cumulative growth rate of 3.43% over five years.
- The recent stable production suggests improving production capabilities but still underperforming compared to early-decade highs.
- Future trends to watch for include technological advancements in beef production, changing domestic demand patterns, and potential impacts from global meat market shifts.
