The import of meat, fish, and seafood food preparations to Malaysia has shown a significant increase from $139.79 million in 2013 to $274.05 million in 2023. This represents a notable market expansion over the decade. The year-on-year variation reveals fluctuations with sharp increases like the 47.11% growth in 2017 and moderate growth phases, such as the 3.97% increase observed in 2023. The Compound Annual Growth Rate (CAGR) over the last 5 years leading to 2023 was 3.97%, a slight decline from previous higher growth phases.
Future trends up to 2028 forecast a steady import rise, with anticipated values reaching $323.33 million. The projected 5-year CAGR of 2.61% indicates a stabilized yet ongoing growth, reflecting sustained demand for these food preparations. Observing future economic conditions and shifts in consumer preferences will be crucial for anticipating changes in import patterns.
