The import of sugar confectionery to Malaysia has seen significant growth from 2013 to 2023, increasing from 43.3 million USD to 80.7 million USD. Notably, from 2018 to 2023, the import value increased by an average of 2.49% per year. There have been fluctuations, such as a minor decline in 2020. The trend indicates consistent growth with a 3.39% increase year-on-year in 2023.
Future trends to watch for:
- Expect moderate growth with the forecasted average annual increase around 2.49% leading up to 2028.- Monitor potential economic shifts or trade policy changes that could impact growth rates.- Emerging consumer preferences and trends towards healthier options might influence demand dynamics.
