The fisheries production volume in Japan is expected to decline over the next five years. In 2023, the volume stood at 3.9840 million metric tons. The forecasted figures show a steady annual decrease: in 2024, the volume is projected to be 3.9192 million metric tons, decreasing to 3.6543 million metric tons by 2028. The year-on-year variations are as follows:
- 2024: -1.6%
- 2025: -1.7%
- 2026: -1.7%
- 2027: -1.7%
- 2028: -1.8%
The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is -1.8%, highlighting a continuous negative trend.
Future trends to watch for include the impact of overfishing regulations, developments in sustainable fishing practices, climate change effects on marine life, and advancements in aquaculture technology. These factors could influence the production volume and potentially stabilize or reverse the downward trend.
