In 2023, wheat demand in Malaysia was 1.52 million metric tons. The forecasted data for 2024 stands at 1.53, indicating a slight increase. Year-on-year variation from 2023 to 2024 is approximately 0.66%. Subsequent annual forecasts reveal a steady increase with a 0.65% rise from 2024 to 2025, 1.30% from 2025 to 2026, 0.64% from 2026 to 2027, and 0.64% from 2027 to 2028. Over the projected five-year period, the Compound Annual Growth Rate (CAGR) stands at 0.82%.
Future trends to watch for include changes in dietary patterns, potential impacts of global wheat prices, and shifts in trade policies. Additionally, advancements in agricultural technology and climate change effects on wheat production could influence demand dynamics in Malaysia.
