In 2023, the production of marine and partly-marine species in Malaysia stood at 316.86 thousand metric tons. Observing the data from 2013 to 2023, there is a noticeable fluctuation with an initial decrease, hitting a low in 2018 at 289.41 thousand metric tons before slowly recovering. The year-on-year variations show significant changes, including sharp declines in 2016 (-22.99%) and 2018 (-10.51%), demonstrating volatile production levels. Recent years (2021-2023) display modest positive growth with year-on-year increases around 1.5%, indicating stabilization. The calculated CAGR from 2019 to 2023 is 0.28%, marginally positive.
Future forecasts suggest a steady growth trend up to 2028, with a forecasted average annual growth rate (CAGR) of 1.02%, leading to a total growth of 5.2% over the next five years. Key trends to watch include technological advancements in aquaculture, impacts of climate change on marine ecosystems, and policy shifts aimed at sustainable fishing practices.
