The import of prepared or preserved crustaceans and molluscs to Malaysia has experienced notable fluctuations from 2013 to 2023, rising from 28.533 million USD to 159.63 million USD. This growth has seen varying year-on-year rates with significant spikes, particularly a 133.64% increase in 2017. After peaking in growth, the import values saw moderation with a CAGR of 5.1% over the last five years, indicating a stabilizing trend.
From 2024 onwards, the forecast suggests steady growth, with a 3.74% 5-year CAGR indicating a projected value of 201.94 million USD by 2028. While the historical volatility has tapered, future trends point towards consistent, if modest, increases.
Future trends to watch for include:
- Potential impacts of global trade policies and tariffs.
- Influence of economic conditions on consumer purchasing power.
- Evolving dietary trends and nutritional awareness.
- Advancements in preservation and logistics technologies.
