Malaysia's carbonated sweet beverages production showcased significant volatility from 2013 to 2023, peaking at 341.4 million liters in 2013 and falling sharply to 168.59 million liters by 2023. The largest drops in production were marked in 2018 with a 35.38% decrease and in 2023 with a 33.97% reduction. While some years showed positive growth, such as a 38.56% increase in 2019 and a 16.37% rise in 2022, the overall trend is a decline. The CAGR over the last five years to 2023 stands at 1.55%.
Future trends to watch for:
- The production forecast shows a continuous decline, with the projected 2028 levels expected to fall to 103.18 million liters.
- The forecasted 5-year CAGR suggests an average annual decrease of 7.85%, underlining the industry's struggle to regain former production levels.
- External factors such as changing consumer preferences, regulatory impositions, and the health-conscious movement could further impact production trends.