In 2023, Kenya's capture fisheries production volume stood at 133.11 thousand metric tons. Over the last two years, the production volume saw year-on-year variations of 0.84% each in 2022 and 2023. These modest increases signal a stabilization in the sector after a period of volatility. The five-year Compound Annual Growth Rate (CAGR) from 2018 to 2023 was 1.19%, indicating a slow but steady growth trend.
The forecasted data for the next five years (2024-2028) shows a continued gradual increase in production volume with a forecasted five-year CAGR of 0.63%. The anticipated total growth rate over the next five years is projected to be 3.19%.
Future trends to watch for:
- Effects of climate change on fish habitats.
- Government policies on fishing quotas and sustainability measures.
- Investment in aquaculture and its impact on capture fisheries.
- Technological advancements in fishing practices and resource management.
