Forecast: Freshwater Fish Demand in Saudi Arabia

The demand for freshwater fish in Saudi Arabia has demonstrated notable fluctuations from 2014 to 2023. The value stood at 153.31 thousand metric tons in 2023, showcasing a modest year-on-year increase of 0.96%. Historically, the demand saw a decline of 5.74% in 2015, followed by a significant rise of 16.26% in 2016. Recent years have experienced steadier growth, particularly from 2021 to 2023 with a CAGR of 0.96%.

Key trends observed:

  • 2014-2016: Major fluctuations with a sharp increase in demand post-2015.
  • 2017-2023: Consistent but modest growth, reflecting market stabilization.
  • Short-term impact in 2020 due to a notable decline of 16.13%, likely due to pandemic-related disruptions.

Future Trends to Watch For:

  • Projected steady growth at a 5-year CAGR of 0.78%, reaching 160.51 thousand metric tons by 2028.
  • Potential impacts of technological advancements in aquaculture and changing consumer preferences.
  • Regulatory changes and environmental concerns influencing sustainable fish farming practices.

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