The export volume of pelagic fish in Egypt has shown significant fluctuations over the past decade. In 2023, the volume stood at 770 metric tons, marking a year-on-year decrease of 6.1%. The compound annual growth rate (CAGR) over the past five years is -4.9%, indicating a consistent downward trend.
Historical data reveals varying year-on-year changes, with notable increases in 2015 and 2019, but sharp declines in 2017 and 2020. The forecasted data suggests a continued decrease in export volumes, with a projected 5-year CAGR of -7.5% and an overall decline of 32.27% by 2028.
- 2014-2015: 16.46% increase
- 2015-2016: -2.09% decrease
- 2016-2017: -47.06% decrease
- 2017-2018: 0% no change
- 2018-2019: 1.01% increase
- 2019-2020: -10.7% decrease
- 2020-2021: -6.38% decrease
- 2021-2022: -1.91% decrease
- 2022-2023: -6.1% decrease
Future trends to watch include changes in global demand for pelagic fish, impacts of climate change on fish populations, and policy changes affecting the fishing industry in Egypt. Rising environmental concerns and sustainable fishing practices may also play a significant role in shaping future export volumes.
