Key Market Indicators
Malaysian seafood imports are projected to reach $1.24 billion by 2028, up from $1.14 billion in 2023. This reflects an average annual growth rate of 1.3%. Since 2000, the demand for seafood in Malaysia has increased by an average of 5.2% per year. In 2023, Malaysia ranked ninth globally in seafood imports, with Poland slightly ahead at $1.14 billion. France, Sweden, and Germany occupied the second, third, and fourth positions, respectively. On the export front, Malaysian seafood exports are expected to hit $741 million by 2028, rising from $691 million in 2023. This equates to a compound annual growth rate (CAGR) of 1.1%. Since 2000, Malaysia's seafood supply has grown by an average of 5.2% annually. In the global export rankings for 2023, Malaysia stood at 13th place, with Mexico just ahead at $691 million. India, Canada, and Denmark were the second, third, and fourth largest exporters, respectively.
