In 2023, South Africa's capture fisheries production volume stood at 472.54 thousand metric tons. Forecasts indicate a downward trend over the next five years, with production volumes expected to decline year-on-year. Specifically, production is projected to drop to 463.65 thousand metric tons in 2024, followed by further reductions to 454.43 thousand metric tons in 2025, 445.3 thousand metric tons in 2026, 436.27 thousand metric tons in 2027, and 427.32 thousand metric tons in 2028.
Year-on-year percentage variations are as follows:
- 2024: -1.88%
- 2025: -1.99%
- 2026: -2.01%
- 2027: -2.03%
- 2028: -2.05%
Over the last two years, the average decline stood at roughly -1.94% per year. The Compound Annual Growth Rate (CAGR) over the five-year forecast period reflects an average annual decline of about -2.01%. This declining trend suggests that South Africa's capture fisheries sector may face significant challenges ahead.
Future trends to watch for include potential impacts from climate change, overfishing regulations, and shifts in marine biodiversity, all of which could further influence production volumes. Investment in sustainable practices and technological innovations may be critical in mitigating these declining trends.
