Between 2014 and 2023, Egypt's demersal fish demand experienced a varied growth pattern. Starting at 337.51 thousand metric tons in 2014, the demand increased steadily, reaching 504.01 thousand metric tons in 2023. Key year-on-year variations included a significant 22.41% rise in 2017, moderate increases in 2015 (4.79%) and 2016 (6.07%), and a noticeable decline of -2.92% in 2020. The compound annual growth rate (CAGR) over the past five years averaged 1.88%, reflecting steady, if modest, growth. The forecast for future demand from 2024 to 2028 anticipates a 1.51% CAGR, culminating in a demand of 552.71 thousand metric tons by 2028.
Future trends to watch for:
• Sustainability efforts and fisheries management will impact future supply and demand.• Economic factors such as consumer purchasing power and dietary shifts to healthier options.• Climate change and environmental factors affecting fish habitats.• Advances in aquaculture technology potentially boosting local production capabilities.
