The value added of the fishing and aquaculture industry in Japan is forecasted to decline from 2024 to 2028. Starting at 692.11 billion yen in 2024, the industry experiences a downward trend, reaching 657.21 billion yen in 2028. This represents a year-on-year decrease in value of -1.3% in 2025, -1.3% in 2026, -1.3% in 2027, and -1.3% in 2028.
The compound annual growth rate (CAGR) over this five-year period is approximately -1.3%, indicating a consistent annual decrease in the industry's value added.
Future Trends to Watch For:
- Changes in fishing quotas and regulations.
- Technological advancements in aquaculture, potentially improving efficiency.
- Environmental factors and their impact on fish stocks.
- Consumer demand shifts towards alternative sources of protein.
