The freshwater fish demand in Oceania stood at 114.01 thousand metric tons in 2023. Historical data indicate fluctuating demand with significant variances such as a decline in 2015 by 5.14%, a sharp rise in 2016 by 14.54%, and a notable drop in 2020 by 17.08%. The more recent data from 2021 to 2023 show a moderate recovery. However, the year-on-year growth for 2023 was minimal at -0.096%, with an average CAGR over the past five years at 0.026%.
The forecasts for 2024 onward predict a stable but slightly declining trend, with a forecasted five-year CAGR of -0.07%, reflecting a small decrease in demand. By 2028, the demand is expected to be around 113.11 thousand metric tons, showing a minimal decline of 0.33% over five years.
Future trends to watch for include potential impacts of environmental policies, advances in aquaculture technology, and changing consumer preferences toward sustainable seafood sources which could significantly influence demand dynamics in the region.
