The coffee import volume in Malaysia stood at 178 Thousand Metric Tons in 2023. Over the past decade, the import volumes have shown fluctuations, with notable yearly increases and occasional declines. Post-2017, the trend generally presented a steady growth with slight variations, with an annual decrease of 4.45% in 2020 and consecutive increases until 2023. The Compound Annual Growth Rate (CAGR) over the last five years is 0.23%. Forecast data indicates a gradual increase, reaching 186.33 Thousand Metric Tons by 2028, projecting a five-year CAGR of 0.71%, which suggests slow yet steady growth.
Future trends to watch for include:
- The impact of global coffee prices on import volumes.
- Changes in consumer preferences towards specialty coffee and organic coffee.
- The influence of economic factors such as GDP growth and fluctuation in exchange rates.
- Potential changes in trade policies that could affect import volumes.
- Technological advancements in coffee cultivation and processing abroad that enhance supply.