The seafood exports from Malaysia to Vietnam experienced significant fluctuations from 2013 to 2023. Notably, 2016 saw a massive spike of 456.93%, indicating potential external factors such as market demand or policy changes influencing trade. Subsequent years have had a mix of increases and declines, with a particularly steep drop in 2018 (-77.69%). The five-year compound annual growth rate (CAGR) leading up to 2023 was 18.66%, demonstrating overall positive growth despite annual volatility.
Future trends to watch for:
● Continuous, albeit moderate, growth is forecasted with a five-year CAGR of 0.75% from 2024 to 2028.
● Stability in exports is expected, with values likely to hover around the 4 million USD mark.
● Monitoring external factors such as changes in trade policies, environmental issues affecting seafood supply, and demand shifts in the Vietnamese market will be crucial.
