The aquaculture production of marine and partly-marine species in Australia displayed variability over the past decade. Actual data from 2013 to 2023 indicate fluctuations with notable increases in 2015, 2016, and post-2019. As of 2023, production stood at 111.3 thousand metric tons. The year-on-year growth rate in 2023 was 2.78%, with notable increases observed in certain years, such as a significant 19.04% in 2015 and 12.67% in 2020. The CAGR over the last five years, ending in 2023, was 2.94%, depicting a moderate growth trend.
Looking forward, forecast data suggest continued steady growth, with production expected to reach 126.09 thousand metric tons by 2028. The forecasted CAGR for the next five years is 1.98%, projecting a total growth of 10.32% over this period.
Future trends to watch for include:
- Advances in sustainable aquaculture practices
- Impact of climate change on marine ecosystems
- Technological innovations in aquaculture
- Regulatory changes and market demands
