Examining the freshwater fish market in Kenya from 2014 to 2023, the data indicates a continuous decline in volume, culminating in 85.24 thousand metric tons in 2023. The market has been shrinking at a CAGR of -4.79% over the past five years, with a year-on-year decrease of -5.42% in 2023. From 2015 through 2023, there were significant drops, notably in 2016 (-15.75%) and 2017 (-21.54%), followed by minimal fluctuations until a decline resumed post-2019. The forecasted trend suggests an ongoing decline, hitting 59.45 thousand metric tons by 2028, marking a -5.66% CAGR.
Future trends to watch for:
- The impact of climate change on freshwater ecosystems.
- Government policies and initiatives aimed at sustainable aquaculture practices.
- Technological advancements in fish farming that may reverse the declining trend.
- Consumption pattern changes due to economic factors or health trends.
- Potential shifts in the regulatory landscape affecting fishing practices.