Based on the forecasted data, the export volume of caviar from Malaysia is expected to decrease consistently from 2024 to 2028. The values decrease from 60.04 thousand kilograms in 2024 to 52.92 thousand kilograms in 2028. For context, in 2023, the export stood at 62.0 thousand kilograms.
Year-on-year percentage variations show a continual decline:
- 2024 vs 2023: -3.16%
- 2025 vs 2024: -3.07%
- 2026 vs 2025: -3.07%
- 2027 vs 2026: -3.13%
- 2028 vs 2027: -3.14%
The Compound Annual Growth Rate (CAGR) over the five-year period from 2023 to 2028 illustrates an average annual decrease of -3.11%.
Future trends to watch for include potential impacts of changes in international trade policies, shifts in consumer preferences towards sustainable and ethical products, and advancements in caviar production technology. Additionally, monitoring the environmental factors that affect sturgeon populations, the primary source of caviar, will be crucial.
