In 2023, the pelagic fish market volume in Mexico stood at approximately 449.03 thousand metric tons. Analyzing the data, there has been a consistent decline over recent years; for instance, a sharp decrease of 20.79% occurred between 2016 and 2017. While 2018 and 2019 showcased minor variations, 2020 saw a significant drop by 19.41%. However, the subsequent years witnessed mild recoveries with a 2.14% growth in 2022 followed by a slight decline of 2.99% in 2023.
- Year-on-year variations over the last two years indicate minor fluctuations.
- The Compound Annual Growth Rate (CAGR) over the last five years reflects an average annual decrease of -2.62%.
- Projections from 2024 onwards anticipate a continual decline, averaging a yearly drop of -2.78%, leading to an overall predicted reduction of -13.15% by 2028.
Future trends to monitor include potential impacts from environmental changes, fishing regulations, and shifts in consumer demand toward sustainable seafood options, which could influence market dynamics significantly.
