The Inland Waters Area Used for Aquaculture or Holding Facilities in Malaysia has shown varying trends from 2013 to 2023. In 2023, the area stood at 3.4 thousand hectares, indicating robust growth. Key observations include significant fluctuations such as a sharp decline of 34.44% in 2014, a notable increase of 124.79% in 2016, followed by a general upward trend from 2018 onwards. The area has seen an average annual growth rate (CAGR) of 9.64% over the last five years.
Looking ahead to the forecasted period from 2024 to 2028:
- The year-on-year growth rate is expected to stabilize, averaging around 4.06% per year, resulting in a total growth of 22.03% over five years.
- By 2028, the inland waters area for aquaculture is anticipated to reach 4.39 thousand hectares.
Future trends to watch for:
- The impact of sustainable aquaculture practices, potentially increasing productivity while managing ecological footprints.
- Technological advancements and investments in the sector, possibly driving efficiency and further expansion.
- Regulatory changes, economic incentives, and global market conditions influencing growth dynamics.
