Based on the provided forecast data for frozen fish production in Malaysia, the production levels are expected to decline steadily from 14.61 thousand metric tons in 2024 to 13.45 thousand metric tons in 2028. This represents a noticeable trend of decreasing production over the five-year forecast period. Comparing this with the actual data from 2023, it's essential to highlight this ongoing reduction in output.
Year-on-year variations indicate a percentage decrease from 2024 to 2025 at approximately -2.19%, followed by a -2.10% decline from 2025 to 2026, -2.00% from 2026 to 2027, and -1.90% from 2027 to 2028. The average Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 suggests a consistent contraction in the production volume of frozen fish.
Future trends to watch for include potential impacts from environmental changes, shifts in consumer preferences, and policy adjustments related to fisheries management. These factors could either exacerbate the current declining trend or provide opportunities for stabilization and growth in the industry.
