Key Market Indicators
South Africa's fish production is projected to increase to approximately 11,700 metric tons by 2028, up from about 10,900 metric tons in 2023. This growth represents an annual compound growth rate of 1.2%. Since 1979, the nation's fish supply has seen an average annual increase of 6.3%. In contrast, fish consumption in South Africa is expected to decline. By 2028, consumption is forecasted to drop to around 146,000 metric tons, down from nearly 156,000 metric tons in 2023. This represents an average annual decrease of 1%. Since 2019, fish demand in the country has been decreasing at a rate of 1.3% per year. In 2023, South Africa ranked 31st globally in fish consumption, with Venezuela surpassing it at the same consumption level of approximately 156,000 metric tons. Japan, the Philippines, and Thailand ranked second, third, and fourth respectively in this category.
