The demand for pelagic fish in China is forecasted to grow steadily from 2024 through 2028, increasing from 11.82 million metric tons to 12.48 million metric tons. In 2023, the actual demand stood at 11.65 million metric tons. The year-on-year variation reveals a consistent growth pattern: 1.44% from 2024 to 2025, 1.33% from 2025 to 2026, 1.40% from 2026 to 2027, and 1.30% from 2027 to 2028. Over the last five years, the compound annual growth rate (CAGR) stands at approximately 1.42%.
Future trends to watch for:
- Shifts in consumer preferences towards pelagic fish due to health benefits.
- Government policy changes impacting fishing quotas or import regulations.
- Technological advancements in aquaculture and sustainable fishing practices.
- Impact of global climate change on pelagic fish populations and supply chains.
