Based on the provided data, the forecasted value of freshwater fish production in the Philippines is expected to slightly decline from 2024 to 2028. The production value starts at 790.58 thousand metric tons in 2024 and gradually decreases to 787.1 thousand metric tons by 2028. Compared to 2023, this represents a downward trend.
Year-on-year analysis shows a consistent marginal decrease: - From 2024 to 2025: -0.11%- From 2025 to 2026: -0.11%- From 2026 to 2027: -0.11%- From 2027 to 2028: -0.11%
The compound annual growth rate (CAGR) over this period indicates a small average annual decrease of approximately -0.15% in freshwater fish production.
Future Trends to Watch For:
- Environmental changes impacting freshwater ecosystems.
- Technological advancements in sustainable aquaculture practices.
- Policy changes and their implications on fishing regulations and resource management.
- Market demand fluctuations for freshwater fish and their influence on production levels.
