From 2013 to 2023, the output of artificially cultured freshwater aquatic products in China saw a steady increase, from 25.5 million metric tons to 33.3 million metric tons. The year-on-year growth rate peaked at 5.78% in 2013 and generally slowed down over the subsequent years, settling at 2.31% in 2023. The compound annual growth rate (CAGR) also reflected this deceleration, starting at 4.22% in 2013 and reducing to 2.41% by 2023. Future forecasts predict that by 2028 the output will reach 37.1 million metric tons, with a five-year CAGR of 1.68%.
Trends to watch for in the future:
- Potential shifts in consumer demands and preferences.
- Innovations in aquaculture technology improving efficiency.
- Environmental and regulatory changes impacting production practices.
- Global market dynamics and trade policy adjustments.
