From 2014 to 2023, the freshwater fish market in Egypt has shown a general upward trend in volume, starting from 1.17 million metric tons in 2014 and reaching 1.44 million metric tons in 2023. The year-on-year growth from 2022 to 2023 was 1.06%, maintaining a compound annual growth rate (CAGR) of 1.11% over the last five years.
The largest year-on-year growth was seen in 2016 at 13.29%, while 2020 experienced a notable decline of -3.9%. Over the last two years, the market has stabilized, showing a constant increase in volume.
Forecasts indicate moderate growth from 2024 to 2028, with an anticipated CAGR of 0.85% and a forecasted growth rate of 4.34% over the five years. By 2028, the market volume is expected to reach 1.51 million metric tons.
Future Trends to Watch For:
- Evolving consumer preferences towards freshwater fish species.
- Potential impacts of environmental policies on fisheries management.
- Technological advancements in aquaculture practices improving yield and sustainability.
- Economic factors influencing purchasing power and market demand.
