The total aquaculture production in Malaysia in 2023 stood at $1,582.5 trillion USD. From 2013 to 2023, the sector has displayed notable fluctuations, with a significant growth spurt between 2018 and 2019 seeing an 88.41% increase. The recent years have shown more stable growth, with 4.15% in 2023. The 5-year CAGR from 2018 to 2023 stands at a robust 14.16%. Future projections from 2024 to 2028 suggest a moderate growth trend with a forecasted 5-year CAGR of 2.99%, culminating in a 15.85% growth rate over this period.
Future trends to watch for in Malaysia's aquaculture sector include:
- Enhanced technological integration for sustainable practices.
- Increased investments in aquaculture research and innovation.
- Potential impacts of climate change and regulatory shifts on production rates.
- Expansion into international markets leveraging high-quality produce.
