The forecast for demersal fish production in Malaysia from 2024 to 2028 suggests a steady upward trend. The values increase incrementally from 394.89 thousand metric tons in 2024 to 405.29 thousand metric tons in 2028. In 2023, the production stood at 392.5 thousand metric tons. The year-on-year variation shows an average increase of approximately 0.68% per annum.
Key variations:
- 2024 vs. 2023: 0.61%
- 2025 vs. 2024: 0.68%
- 2026 vs. 2025: 0.66%
- 2027 vs. 2026: 0.64%
- 2028 vs. 2027: 0.62%
The Compound Annual Growth Rate (CAGR) over the 5-year forecast period is 0.65%, indicating a consistent but modest growth trajectory.
Future trends to watch for include advancements in sustainable fishing technologies, changes in fishery management policies, and impacts of climate change on marine ecosystems. Additionally, consumer demand for sustainable seafood and regulatory shifts could also influence production dynamics.
