In 2023, fish meal production in China stood at 430.0 thousand metric tons. The forecasted data for the upcoming years indicates a consistent upward trend, with production values reaching 434.0 thousand metric tons in 2024 and steadily increasing to 450.0 thousand metric tons by 2028.
Year-on-year variations show a gradual increase: a 0.92% increase from 2023 to 2024, 0.65% from 2024 to 2025, 1.14% from 2025 to 2026, 0.9% from 2026 to 2027, and a 0.67% increase from 2027 to 2028. Over the last two years, the average annual increase stands at approximately 0.90%. The compound annual growth rate (CAGR) over the forecasted five-year period is around 0.92%, demonstrating a stable and incremental growth pattern.
Future trends to watch for include advancements in aquaculture technologies, shifts in global fish meal demand, China's regulatory impacts on fishery production, and potential environmental challenges. Monitoring these factors will be crucial for better forecasting and strategic planning in the fish meal industry.
