The share of aquaculture in China's national fish production has seen steady growth from 2013 through 2023, increasing from 79.83 to 84.07. This growth trend depicts minor fluctuations, with significant increases in 2016 and 2019. However, the period from 2021 to 2023 exhibited relatively modest year-on-year growth, averaging around 0.34%-0.36% annually. The compound annual growth rate (CAGR) stabilized overall, reaching 0.48% in 2023.
For the future, from 2024 to 2028, the forecast predicts continual growth, rising to 85.39 by 2028. The forecasted 5-year CAGR stands at 0.25%, which translates to a growth rate of 1.23% over this period.
Future trends to watch for:
- Advancements in sustainable aquaculture practices.
- Impact of governmental policies on boosting aquaculture industry.
- Technological innovations improving production efficiency.
- International demand shifts influencing domestic production.
- Environmental challenges and climate change affecting aquaculture yields.
