The import of grated or powdered cheese to Malaysia stood at 32 million US dollars in 2023. The forecasted imports are set to increase yearly, reaching 33.683 million US dollars in 2024, 35.278 million in 2025, 36.842 million in 2026, 38.374 million in 2027, and 39.876 million in 2028. This reflects a consistent annual growth with the year-on-year percentage variations indicating increments of approximately 4.8% from 2024 to 2025, 4.4% from 2025 to 2026, 4.2% from 2026 to 2027, and 3.9% from 2027 to 2028. The Compound Annual Growth Rate (CAGR) over this five-year period is forecasted to be around 4.3%.
Future trends to watch for include the impact of changing consumer preferences towards more diversified cheese offerings, potential tariffs and trade regulations affecting import costs, and economic policies that could influence food importation strategies. Additionally, the growing middle class and urbanization in Malaysia might further drive the demand for imported cheese products.
