Forecast: Fish Farming Production in Middle East & North Africa

Fish farming production in MENA has shown robust growth from 2013 to 2023, increasing from 1.5004 million metric tons to 2.4109 million metric tons. The year-on-year variations illustrate notable periods, such as significant growth between 2015 and 2016 at 16.55%, while recent years observed reduced growth rates, 2019 showed 2.87%, and 2021 had a slight decline of -0.18%. The last recorded year-on-year growth for 2023 was 2.94%, with a 5-year CAGR of 1.8%.

As we look ahead at the forecast from 2024 to 2028, fish farming production is expected to increase steadily to 2.7449 million metric tons. Future growth carries a forecasted 5-year CAGR of 2.06%, reflecting a continued but moderate upward trend.

Future trends to watch for include:

  • Technological advancements in aquaculture to enhance productivity.
  • Environmental regulations and sustainability practices influencing production methods.
  • Market demand shifts due to changing consumer preferences towards sustainable and locally-sourced fish.

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