Based on the provided data, the import of cut flowers to Malaysia is forecasted to grow steadily from $7.5145 million in 2024 to $8.1335 million in 2028. This indicates a positive trend in the market. For context, in 2023, the value stood at $7.36 million. The year-on-year variation shows a consistent growth rate: increasing by 2.12% from 2024 to 2025, by 2.04% from 2025 to 2026, and by 1.96% from 2026 to 2027, and by 1.88% from 2027 to 2028. The Compound Annual Growth Rate (CAGR) over the next five years is 1.99%.
Future trends to watch for include potential shifts in consumer preferences towards locally-grown flowers, potential changes in import tariffs or trade agreements, and economic factors that could impact disposable incomes and spending on luxury items such as cut flowers.
