The import of frozen rock lobster and other sea crawfish to Malaysia is forecasted to grow steadily from 2024 to 2028, with projected values increasing from 3.6618 million USD in 2024 to 4.3726 million USD in 2028. In 2023, the import value stood at 3.5000 million USD. Year-on-year, this represents an increase of approximately 4.97% from 2023 to 2024, 5.0% from 2024 to 2025, 4.67% from 2025 to 2026, 4.37% from 2026 to 2027, and 4.10% from 2027 to 2028. Over the last five years, the compound annual growth rate (CAGR) is expected to be around 4.6%.
Future trends to watch for include changes in global seafood supply chains, potential regulatory shifts regarding seafood imports, and evolving consumer preferences towards sustainable seafood options. Additionally, monitoring foreign exchange rates and trade policies will be crucial, as these factors could significantly impact import values.
