Key Market Indicators
Malaysian lobster imports are projected to reach around 738,000 kilograms by 2026, growing by 4% a year on average. Since 1994, demand has jumped by almost 40%. In 2021, Malaysia was the 12th biggest importer, behind Singapore's 578,000 kilograms. China, South Korea and Italy followed, in that order. On the other hand, exports are expected to decrease by 1% a year, with a total of 1.1 million kilograms by 2026. Since 1994, Malaysian supply has decreased by 25%. In 2021, Belgium overtook Malaysia as the top exporter, with 1.2 million kilograms. The United States, the United Kingdom and the Philippines followed, in that order.
