The import of citrus fruit to Malaysia has seen varying trends over the years. Starting at $131.83 million in 2013, imports experienced fluctuations, reaching $189.41 million in 2023. Notable changes include a significant increase in 2016, followed by a sharp drop in 2017 and a strong recovery in 2018. From 2019 to 2023, the import value showed a consistent upward trend with moderate annual growth rates.
Year-on-year variation for 2022 was 3.37%, with 2023 showing a slightly lower increase of 3.19%. The Compound Annual Growth Rate (CAGR) over the past five years stands at 2.25%.
Looking ahead to 2024 and beyond, imports are forecasted to continue growing, reaching $217.01 million by 2028. The forecasted five-year CAGR is 2.15%, predicting a steady but moderate increase in citrus imports.
Future trends to watch for include potential impacts from global supply chain disruptions, changes in trade policies, and shifting consumer preferences towards healthier diets that can influence the demand for citrus fruit in Malaysia.
