Analysis of Freshwater Fish Production in Nigeria indicates a generally steady increase in production from 2014 to 2023, except for notable declines in 2015 and 2020. The production value stood at 734.44 Thousand Metric Tons in 2023. Key variations include significant growth in 2016, 2017, and 2021, contrasted by declines in 2015 and 2020. The Compound Annual Growth Rate (CAGR) between 2021 and 2023 was 0.51%.
Future trends to watch for:
- Forecasted steady growth in freshwater fish production up to 2028 with a projected 5-year CAGR of 0.45%.
- Expected cumulative growth over the next five years reaching a forecast growth rate of 2.28% by 2028.
- Potential impacts of climate change, fishing policies, and technological advancements in aquaculture on future production rates.