The fish meal supply in South Africa for 2023 stood at 124.0 thousand metric tons. Forecasts for the upcoming years indicate a consistent decline in supply: 122.0 thousand metric tons in 2024, decreasing further to 113.0 thousand metric tons by 2028. This represents a yearly decrease of approximately 1.6% from 2023 to 2024, 1.7% from 2024 to 2025, 1.7% from 2025 to 2026, and 2.6% from 2026 to 2027. The compound annual growth rate (CAGR) over the last five years averages to a decline of around 2.5% per year.
Future trends to watch for include potential changes in fishing regulations, environmental impacts on fish stocks, and shifts in global demand for fish meal. Technological advances in fish farming and alternative protein sources may also influence future supply dynamics.
