As of 2023, the import of frozen lobsters to Malaysia stood at 253.36 thousand kilograms. The forecasted data from 2024 to 2028 indicates a steady increase in the import volume. The year-on-year growth is relatively modest, with an increase of approximately 0.54% from 2024 to 2025, 0.53% from 2025 to 2026, 0.51% from 2026 to 2027, and 0.50% from 2027 to 2028. The compounded annual growth rate (CAGR) over the forecasted five-year period averages at around 0.52%.
Future trends to watch for include potential shifts in consumer preferences or purchasing power, changes in trade policies affecting seafood imports, and environmental factors that might impact lobster supply chains. Additionally, monitoring global market prices and their influence on the import volumes will be crucial. Staying attuned to these factors will help anticipate significant deviations from the projected growth rates.
