The output of freshwater aquatic products in China exhibited steady growth from 2013 to 2023, measured in value standing at 3.42 ten million metric tons in 2023. Year-on-year growth fluctuated, with notable drops in the rate of growth, illustrating market stabilization. Analysis reveals a diminishing CAGR over the last decade, indicating slower expansion in annual production increases as the industry matures.
From 2022 to 2023, a modest year-on-year increase of 1.7% was observed, highlighting persistent market expansion. Forecasts for 2024 and beyond suggest a continuous upward trend with a five-year forecast CAGR of 1.24%, translating to an approximate 6.38% growth rate by 2028.
Future trends to watch for:
- Technological advancements in aquaculture practices and sustainability efforts.
- Potential impacts of climate change on freshwater ecosystems and agriculture productivity.
- Policy changes affecting environmental regulations and international trade agreements.