The demand for raw sugar equivalent in Malaysia has shown a steady year-on-year increase from 2024 to 2028, with values rising from 1.78 million metric tons in 2024 to 1.82 million metric tons by 2028. In 2023, the actual demand was 1.77 million metric tons. From 2022 to 2023, the demand increased by approximately 0.57%. The Compound Annual Growth Rate (CAGR) over the forecasted period (2024-2028) stands at around 0.56% per year.
Future trends to watch for include:
• Potential impacts of dietary shifts and health-conscious consumer behavior on sugar consumption.
• The influence of government regulations and taxes aimed at reducing sugar intake.
• Any significant changes in the global sugar market that might affect import patterns in Malaysia.
