Marine fishing revenue in Malaysia stood at 8.83 billion Malaysian Ringgits in 2023. According to the forecast for 2024 to 2028, the revenue is expected to experience steady growth. Year-on-year estimates show the following percentage variations: 0.45% in 2025, 0.34% in 2026, 0.22% in 2027, and 0.22% in 2028. The Compound Annual Growth Rate (CAGR) over the next five years is projected at around 0.27%.
Future trends to watch for:
- Technological advancements in marine fishing to improve yield and efficiency.
- Regulatory changes impacting fishing quotas and sustainability measures.
- Potential impacts of climate change on marine ecosystems and fish populations.
- Trends in consumer demand for seafood products and shifts toward sustainable sourcing practices.