The freshwater fish market in Mexico experienced variable growth from 2014 to 2023, reaching a volume of 599.41 thousand metric tons in 2023. The market saw significant year-on-year fluctuations, including a peak increase of 16.54% in 2016 and a sharp decline of 15.98% in 2020. However, recent years indicate stabilization, with a modest year-on-year growth of 1.12% in 2023. The compound annual growth rate (CAGR) from 2019 to 2023 was 1.3%, reflecting a stable but slow growth trend over the past five years.
Future trends to watch for include:
- Steady annual growth with a forecasted CAGR of 0.9% from 2024 to 2028.
- An expected total growth rate of 4.58% over the next five years, suggesting gradual market expansion.
- Potential impacts of environmental policies, aquaculture technology advancements, and consumer preferences on market dynamics.