The production of crustaceans in Malaysia saw a downward trend from 2014 to 2023, decreasing from 184.22 Thousand Metric Tons in 2014 to 174.45 Thousand Metric Tons in 2023. This represents an overall decline marked by fluctuations with a significant drop in 2016 and a recovery in 2017. Over the last five years (2019-2023), the CAGR was -0.36%, indicating a slight annual decline. Notably, the last two years showed a slight year-on-year reduction of 0.27% for 2023.
Looking forward, the forecast shows a continued slight decline in production, with a forecasted 5-year CAGR of -0.22%, expecting to reach 171.41 Thousand Metric Tons by 2028. This represents an average annual reduction, indicating a steady but slow decrease in output.
Future trends to watch for include environmental changes impacting marine life, government policies on fishing practices, and advancements in aquaculture technology that could impact production volumes. Monitoring these factors will be crucial for anticipating shifts in the production landscape.
