In 2023, China's pelagic fish market stood at 462.06 thousand metric tons. From 2024, the market is forecasted to experience a steady decline in volume, decreasing from 443.47 thousand metric tons in 2024 to 375.2 thousand metric tons by 2028. This represents a year-on-year decrease of approximately 4% between 2024 and 2025, and a similar trend continues through 2028. Over the last two years, the market volume decreased by around 4.6% annually. The compound annual growth rate (CAGR) for the period from 2024 to 2028 is approximately -4.06%.
Future trends to watch for include the impact of environmental regulations on fishing practices, advances in aquaculture technology potentially mitigating supply decreases, and shifts in domestic consumer preferences towards sustainable seafood options, all of which could influence market dynamics significantly.
