Key Market Indicators
**Malaysian Fish Production Expected to Rise Modestly by 2028** KUALA LUMPUR — Malaysia's fish production is projected to grow to approximately 427,000 metric tons by 2028, according to recent data. This marks a slight increase from 420,000 metric tons in 2023, reflecting an average annual growth rate of 0.3%. Historical trends reveal that Malaysian fish supply has been on a gradual rise, with an annual growth rate of 1.4% since 1965. In global rankings for 2023, Malaysia secured the 18th spot, with the United States Virgin Islands narrowly surpassing it. Leading the list were Indonesia, India, and Bangladesh, holding the second, third, and fourth positions respectively. **Fish Consumption on the Rise** On the consumption front, Malaysia's fish intake is expected to reach around 625,000 metric tons by 2028, up from 603,000 metric tons in 2023. This represents an annual growth rate of 0.6%. Since 2019, the country has seen a 1% year-on-year increase in fish consumption, indicating a steady rise in domestic demand for seafood.
