In 2023, the pelagic fish production in the United Arab Emirates stood at 31.14 thousand metric tons, showing no year-on-year variation compared to 2022. Over the past five years up to 2023, the compound annual growth rate (CAGR) has nearly stagnated at -0.0064%. Notable fluctuations include a significant dip in 2020 with a year-on-year decrease of 17%, followed by a recovery in 2021 with a 14.46% increase. The CAGR from 2018 to 2019 was -0.013%, while from 2017 to 2016 it was stable at 0. The overall trend indicates a relatively stable production volume with some variability in the interim years.
Looking forward, the forecast for pelagic fish production in the UAE from 2024 to 2028 shows a slight recovery with an anticipated CAGR of 0.01%, culminating in a modest overall growth rate of 0.06% by 2028. This suggests a period of gradual stabilization and slight growth following prior fluctuations.
Future trends to watch for include:
- Effects of climate change and environmental regulations on fish populations.
- Technological advancements in aquaculture and sustainable fishing practices.
- Shifts in market demand and export opportunities for pelagic fish.
- Government policies and investment in the fisheries sector.