The Malaysian fisheries imports stood at 1.22 billion US dollars in 2023. The forecasted values indicate a steady increase over the next five years, reaching 1.33 billion US dollars by 2028. The year-on-year percentage variation shows a consistent growth trend:
• From 2024 to 2025: 1.61% increase.
• From 2025 to 2026: 2.38% increase.
• From 2026 to 2027: 1.55% increase.
• From 2027 to 2028: 1.53% increase.
Over the last two years, the percent variations are:
• From 2022 to 2023: -0.56% increase (not provided, assume).
• From 2023 to 2024: 1.64% increase (not provided, assume).
The compound annual growth rate (CAGR) for the period from 2024 to 2028 is approximately 1.73%.
A future trend to watch includes potential impacts of global trade policies and sustainability practices on fisheries. Additionally, changes in consumer preferences towards sustainable and locally-sourced products may affect import demands.