The import of cheese and curd to Malaysia is projected to rise steadily from USD 159.78 million in 2024 to USD 182.56 million in 2028. This represents a year-on-year increase of approximately 3.67% annually. Over the last two years, the projected growth remains consistent, demonstrating a stable demand for these dairy products. Looking at the longer period from 2024 to 2028, the compound annual growth rate (CAGR) stands at about 3.36%.
Future trends to watch for include shifting consumer preferences towards healthier options, potential trade policy changes, and fluctuations in global dairy prices, which could impact import volumes and values.
- Stable year-on-year growth at around 3.67%.
- Projected CAGR of 3.36% over the next five years.
- Monitor consumer trends, trade policies, and global dairy prices.