From 2014 to 2023, Saudi Arabia's pelagic fish demand saw fluctuations, with notable drops in 2015 and 2020 followed by recoveries. Demand peaked in 2016 and stayed relatively stable from 2018 onwards. In 2023, the demand stood at 213.29 thousand metric tons. The YoY growth for the last two years was modest at 0.47%, with a CAGR of 0.52% over the past five years. Future projections from 2024 to 2028 show an average yearly growth of 0.4%, with an overall increase of 1.99% by 2028.
Future Trends to Watch For:
- Impact of sustainable fishing practices
- Economic influences on seafood consumption
- Technological advancements in fish farming
- Regulatory changes affecting the fishing industry
