The gross tonnage of fishing vessels in China was recorded at 9.11 million metric tons in 2023. Projected data for 2024 to 2028 suggests a declining trend. From 2024 to 2025, there's an expected drop of approximately 2.8%. The trend continues with a 2.7% decrease in 2026 and a further 2.7% reduction in 2027. By 2028, the anticipated drop is 2.4%. Over these five forecasted years, the compound annual growth rate (CAGR) indicates a consistent average annual decrease of about 2.6%.
Future trends to watch for include:
- Technological advancements in sustainable fishing vessels.
- Regulatory changes impacting fleet sizes.
- Shifts in global fish demand influencing the fishing industry's scale in China.
- Environmental policies promoting reduction in fishing capacity.
