The import of dried apples to Malaysia stood at $130.21K in 2023, showing a consistent growth trajectory since 2021. The year-on-year increase from 2022 to 2023 was 1.75%, following a 1.82% increase from 2021 to 2022. Over the past five years (2018-2023), the Compound Annual Growth Rate (CAGR) was 1.11%. Projections suggest a steady increase with the imports reaching $141.92K by 2028, implying a forecasted 5-year CAGR of 1.36% with an overall growth rate of 6.97% by 2028.
Future trends to watch for include potential shifts in consumer preferences towards health-conscious and natural food products, which may boost the demand for dried apples. Additionally, any changes in trade policies or economic stability could impact import volumes and values significantly.
