Forecast: Fisheries Exports in Malaysia

Based on the data provided, Malaysia's fisheries exports are forecasted to see a consistent increase from 2024 to 2028. The value of exports in 2024 is projected to be USD 944.62 million, growing steadily each year to reach USD 1010.0 million by 2028.

Yearly percentage variations over this period show a positive trend:

  • 2024 to 2025: +1.79%
  • 2025 to 2026: +1.73%
  • 2026 to 2027: +1.69%
  • 2027 to 2028: +1.53%

Over a five-year period, the Compound Annual Growth Rate (CAGR) is an average of +1.68% per year.

Considering this data, Malaysia's fisheries sector is expected to maintain stable and continuous growth over the next few years. Future trends to watch for include shifts in global demand, changes in international trade policies, and advancements in sustainable fishing practices.