In 2023, the export of frozen fish from Malaysia stood at 80.64 million US dollars. Forecasted data from 2024 to 2028 shows a gradual increase in export values, indicating a steady growth. The year-on-year percentage increase in value from 2024 to 2025 is approximately 2.32%, and from 2025 to 2026, it's around 2.22%. For 2026 to 2027, the growth rate is 2.13%, while from 2027 to 2028, it is about 2.04%. The compound annual growth rate (CAGR) for the period from 2024 to 2028 is anticipated to be around 2.18%.
Future trends to watch for include changes in global demand for seafood, potential trade policies affecting exports, and domestic factors such as technological advancements in the fishing industry and sustainability practices. Keep an eye on regional competitors, as emerging markets and shifts in consumer preferences could affect Malaysia’s market share.
