Egypt's capture fisheries production volume stood at 442.49 thousand metric tons in 2023. Analyzing the data year-on-year, from 2022 to 2023, the production volume increased by 1.94%. For the last two years (2021-2023), the average annual growth rate has been approximately 1.94%. Over the last five years (2018-2023), the compound annual growth rate (CAGR) has been 3.46%, indicating steady positive growth after some volatility in earlier years.
Forecast data from 2024 to 2028 suggest a continued upward trend, with an expected volume of 483.39 thousand metric tons by 2028. The forecasted 5-year CAGR is 1.4%, indicating a moderate but consistent growth trajectory.
Future trends to watch for:
- Potential impact of technological advancements in sustainable fishing practices.
- Government policies designed to regulate and support the fishing industry.
- Environmental factors and climate change that may affect fish populations and habitats.
- Market demand shifts, both domestically and internationally, for fish and seafood products.
