The import of oranges to Malaysia for the year 2023 stood at 99 million kilograms. The forecasted data indicates a gradual increase in the volume of orange imports from 2024 to 2028, showing a steady year-on-year rise. Specifically, the figures are as follows: 99.615 million kg in 2024, 100.22 million kg in 2025, 100.82 million kg in 2026, 101.41 million kg in 2027, and 101.98 million kg in 2028.
Year-on-year variations from 2024 to 2028 are incremental, reflecting a consistent growth pattern. For instance, the increase from 2024 to 2025 is 0.61%, from 2025 to 2026 is 0.60%, from 2026 to 2027 is 0.59%, and from 2027 to 2028 is 0.56%. Over a more extended period, the Compound Annual Growth Rate (CAGR) from 2024 to 2028 is approximately 0.60% annually.
Future trends to watch for include shifts in consumer preferences, potential changes in trade policies, and developments in agricultural technology. These factors could influence both the supply and demand dynamics, possibly affecting the import volumes more significantly than forecasted.
