In analyzing Malaysia's soybean export forecast from 2024 to 2028, the export values are projected to show a steady increase from 13.0 Thousand Metric Tons in 2024 to 14.0 Thousand Metric Tons by 2025, holding constant at 14.0 Thousand Metric Tons through 2028. Looking back, the year-on-year export variation from 2023 to 2024 reveals an increase, indicating positive momentum in the market. From there, the compound annual growth rate (CAGR) from 2024 to 2028 is relatively stable, suggesting a steady growth pattern.
Future trends to watch for include:
- Global demand fluctuations for soybeans, especially from major importers.
- Potential impacts from global trade policies and tariffs.
- Technological advances in soybean farming improving yields.
- Market dynamics with competing soybean exporters globally impacting Malaysia's competitiveness.
- Factors relating to climate change that could affect agricultural output.
