Examining the forecasted fish meal supply in Japan from 2024 to 2028, there is a clear trend of decline. The fish meal supply is projected to decrease steadily from 374.0 Thousand Metric Tons in 2024 to 343.0 Thousand Metric Tons in 2028. For context, the fish meal supply in 2023 was 382.0 Thousand Metric Tons. This represents a year-on-year drop of approximately 2.09% from 2023 to 2024.
Year-on-year variations are as follows:
- From 2024 to 2025: -2.14%
- From 2025 to 2026: -2.19%
- From 2026 to 2027: -1.95%
- From 2027 to 2028: -2.28%
Over the last five years, the Compound Annual Growth Rate (CAGR) is anticipated to average around -1.84%, indicating consistent decline.
Future trends to watch for include the potential impacts of sustainable fishing practices and technological advancements in aquaculture, which could mitigate the decline. Additionally, shifts in global fish meal production and consumption patterns could influence Japan's supply chain dynamics.
