The export volume of distilled alcoholic beverages in Malaysia has seen a significant decline over the past decade. Standing at 23.0 thousand metric tons in 2014, there has been a consistent drop, reaching 7.0 thousand metric tons by 2023. The year-on-year decrease in 2019 was 9.09%, while 2020 faced a further drop of 14.5%. Moving forward, the rate of decline has slowed, with 2021 at -6.43% and 2022 at -12.5%. By 2023, the figure stabilized, showing no year-on-year variation. The Compound Annual Growth Rate (CAGR) over the past 5 years is -8.64%.
Forecast data suggests a continual downward trend, with a significant drop expected from 2023 to 2028. The CAGR for this forecasted period is -17.25%, with an overall decrease of 61.21%. By 2028, the export volume is projected to stand at 2.25 thousand metric tons.
Future trends to watch for include potential shifts in global trade policies, economic conditions affecting the demand and supply of distilled alcoholic beverages, and local regulatory changes impacting production and export policies in Malaysia. Additionally, market diversification and innovation in product offerings might influence the future export volume.