Based on the forecasted data provided, food gross production in Malaysia is set to steadily increase from $7.34 billion in 2024 to $7.66 billion in 2028, expressed in Billion US Dollars PPP = 2004–2006. This indicates positive growth in the food production sector.
The year-on-year percentage variations for the forecast period are as follows:
- 2024 to 2025: 1.09% increase
- 2025 to 2026: 1.07% increase
- 2026 to 2027: 1.05% increase
- 2027 to 2028: 1.03% increase
The average compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is approximately 1.06% per year.
Future trends to watch for in the food gross production sector in Malaysia include potential impacts from climate change, technological advancements in food production, changes in government policy and investment, and shifts in both local and global demand. Keeping an eye on these factors will be important for anticipating changes in production levels and maintaining sustainable growth in the sector.