The Demersal Fish market in South Africa saw fluctuations between 2014 and 2023, peaking in 2019 with a steady incline post-2020 recovery from a significant dip in volume. The value stood at 158.93 thousand metric tons in 2023, reflecting a 0.51% year-on-year increase and a 0.44% CAGR over the past five years.
Future trends indicate a gradual market expansion, with a forecasted 5-year CAGR of 0.42% and a cumulative growth rate of 2.13% by 2028. Analysts should monitor:
- Impact of environmental policies on fishing quotas
- Technological advancements in sustainable fishing practices
- Global market demand and pricing fluctuations
