Key Market Indicators
Malaysian frozen food exports are expected to hit $11.4 million by 2026, up from $10.8 million in 2021. This represents an average annual growth rate of 0.9%. Since 1994, Malaysian frozen food exports have increased by 0.4% each year. In 2021, Malaysia was ranked 36th in the world, edged out by Pakistan with exports of $10.8 million. China, Spain and Mexico placed second, third and fourth, respectively. Malaysian frozen food imports are estimated to reach $626.5 million by 2026, up from $553 million in 2021. This translates to an average annual growth rate of 2.1%. Since 1994, Malaysian frozen food imports have grown by 3.1% each year. In 2021, Malaysia was ranked 8th in the world, overtaken by Indonesia with imports of $553 million. The United States, South Korea and Japan placed second, third and fourth, respectively.
