The export of desiccated coconuts from Malaysia to Singapore has fluctuated over the past decade. In 2023, exports stood at 3.53 thousand metric tons. Between 2013 and 2023, there was a mix of positive and negative growth rates with notable declines in 2018 (-13.07%) and 2020 (-7.62%). The last two years showed minimal positive growth with a slight uptick of 0.77% in 2023. The 5-year CAGR leading up to 2023 indicated a slight recovery with an average yearly decline of -0.37%.
- 2013-2017: Growth varied, peaking in 2014 and then gradually declining.
- 2018-2023: Notable drop in 2018, followed by a moderate recovery towards 2023.
- Forecast (2024-2028): A forecasted average annual growth rate of 0.59%, with a 5-year growth rate of 2.98% pointing towards a period of stabilization and minor growth.
Future trends to watch for include global demand fluctuations in coconut-based products, changes in trade policies between Malaysia and Singapore, and the impact of agricultural advancements on coconut production. Monitoring these factors will offer insights into the stability and potential growth of this export segment.
