The import of frozen fish fillets to Malaysia experienced fluctuations between 2013 and 2023, with varying year-on-year percentage changes. In 2023, the volume of imports stood at 23.482 million kilograms, marking a 2.03% increase from the previous year. The actual data from 2019 to 2023 shows a CAGR of 1.51%, indicating a modest upward trend in recent years. The forecast for the next five years suggests a continuous increase in import volumes, with an average annual growth rate (CAGR) of 1.56%, reaching 25.922 million kilograms by 2028, representing an overall growth of 8.03% from 2023.
Future trends to watch for include the impact of changing consumption patterns, trade policies, and supply chain dynamics on import volumes, as well as the influence of local aquaculture production on the need for imported frozen fish fillets.
