Based on the forecast data, Australia's total aquaculture production is expected to rise from 102.32 thousand metric tons in 2024 to 110.64 thousand metric tons by 2028. This shows a consistent year-on-year growth of about 2% on average. In 2023, the actual production stood at approximately 100.22 thousand metric tons, marking a solid pre-forecast baseline.
Year-on-year variation:
- 2024 vs 2023: +2.09%
- 2025 vs 2024: +2.10%
- 2026 vs 2025: +2.01%
- 2027 vs 2026: +1.92%
- 2028 vs 2027: +1.86%
Compound Annual Growth Rate (CAGR) over the last 5 years is approximately 2.0% annually.
Trends to watch for in the coming years include the impact of advancements in sustainable aquaculture technologies, changes in domestic and international demand, and regulatory shifts aimed at environmental conservation. Additionally, climate-related factors and potential supply chain disruptions could influence future production trends.
