Based on the forecasted data, the production value of Fishing and Aquaculture in Japan is expected to decrease gradually over the period from 2024 to 2028. The production value is expected to decline from 1.4494 trillion Japanese Yens in 2024 to 1.3909 trillion Japanese Yens in 2028.
For year-on-year variations:
- 2025: -1.04% compared to 2024
- 2026: -1.03% compared to 2025
- 2027: -1.02% compared to 2026
- 2028: -1.01% compared to 2027
The Compound Annual Growth Rate (CAGR) over this five-year period is -1.03% annually. In 2023, the production value stood at 1.4648 trillion Japanese Yens.
Future trends to watch for include potential changes in environmental regulations, technological advancements in aquaculture, and shifts in consumer demand for seafood products. Monitoring these factors will be essential for understanding the longer-term outlook for Japan’s fishing and aquaculture industry.
