The output of seawater fish in China has seen several fluctuations over the past decade. Starting from 972.85 ten thousand metric tons in 2013, it experienced variations, peaking at 1120.0 in 2017. Post 2017, however, there was a dip and minor fluctuations, stabilizing around 1060.0 metric tons in the years 2019-2021. By 2023, the value stood at 1090.0 ten thousand metric tons. The year-on-year variation over the last two years shows an increase of 1.72% in 2022 and 1.67% in 2023, reflecting a recovery trend. The five-year CAGR preceding 2024 indicates a slight downward trend at -0.022% on average annually. Forecasts from 2024 to 2028 project a moderate growth with a predicted CAGR of 1.24% and a growth rate of 6.36%, reaching a potential output of 1180.0 ten thousand metric tons by 2028.
Future trends to watch for:
- Sustainability initiatives and potential restrictions on fishing quotas.
- Technological advancements in aquaculture and their impact on production efficiency.
- Demand fluctuations driven by both domestic consumption and export markets.
- Impact of climate change and environmental policies on marine ecosystems and fish habitats.
