The freshwater fish market in Tanzania has shown a general upward trend from 2014 to 2023, with the volume reaching 331.22 thousand metric tons in 2023. The market witnessed substantial growth in 2015 with a 20.7% year-on-year increase, but had fluctuations in subsequent years, such as a dip in 2020 by 3.51%. Recent data indicates a steady year-on-year increase of 1.41% in 2023. The Compound Annual Growth Rate (CAGR) for the last five years (2019-2023) stands at 1.55%, highlighting moderate growth.
For the upcoming period 2024-2028, the market is projected to maintain a steady growth with a forecasted CAGR of 1.12%, resulting in an overall growth rate of 5.73%. Key future trends to watch for include:
- Government policies and investments in aquaculture
- Technological advancements in fishing and fish farming
- Environmental changes affecting freshwater habitats
- Shifts in consumer preference towards sustainable and locally sourced food
- Impact of international trade agreements and import/export dynamics
