The demand for freshwater fish in Africa stood at 4.65 million metric tons in 2023. The data shows a fluctuating trend between 2014 and 2023, with periods of both growth and decline. Notable variations include a significant 5.61% increase in 2016 and a 4.35% decrease in 2020. The Compound Annual Growth Rate (CAGR) over the last five years was 0.64%, reflecting a moderate upward trend. The 0.63% year-on-year growth in 2023 indicates steady demand.
Looking forward, forecasts suggest a moderate growth rate with a five-year CAGR of 0.52% and an overall forecasted growth rate of 2.63% from 2024 to 2028. Key trends to watch include technological advancements in aquaculture, environmental policies affecting fish farming, and changes in consumer preferences towards sustainable and locally-sourced fish products. Monitoring these aspects will provide insights into the future trajectory of freshwater fish demand in Africa.
