The import of frozen fish meat and mince to Malaysia has exhibited a steady increase over the past decade. In 2023, the import value stood at $71.099 million, representing a 4.26% year-on-year increase from 2022. This growth highlights consistent demand, although with some fluctuations, notably a minor dip in 2020. The Compound Annual Growth Rate (CAGR) over the last five years is 4.27%, showcasing stable medium-term growth.

Future trends to watch for include:

Forecasted CAGR of 3.03% over the next five years, indicating continued but moderating growth.
Possible shifts in consumer preferences or trade policies affecting import volumes and values.
Impact of sustainable fishing practices and environmental regulations on supply chains and costs.