The demand for freshwater fish in South Korea has shown variability from 2014 to 2023, peaking at 93.16 thousand metric tons in 2023. The year-on-year variations indicate significant fluctuations, particularly noted in 2015 with a 10.44% increase and a notable dip in 2020 at -16.14%. The 2023 demand represents a minimal growth of 0.95% over the previous year. The 5-year CAGR from 2019 to 2023 is 0.89%, illustrating a modest annual growth rate. Looking forward, the forecast from 2024 to 2028 predicts a steady CAGR of 0.77%, indicating a continued, albeit slow, upward trend.
Future trends to watch for:
- Impact of sustainability practices on production.
- Changes in consumer preferences towards alternative proteins.
- Potential shifts in supply chains affecting freshwater fish availability.
