Based on the provided data, demand for demersal fish in South Africa is forecasted to increase steadily from 2024 to 2028. In 2023, the demand stood at 158 thousand metric tons. The forecasted values show a modest year-on-year growth, with an average compound annual growth rate (CAGR) of approximately 0.53% over the five-year period from 2024 to 2028. The year-on-year percentage variations are as follows:
- 2024: +0.79%
- 2025: +0.55%
- 2026: +0.54%
- 2027: +0.52%
- 2028: +0.51%
Future trends to watch for include the impact of sustainable fishing practices, regulatory changes, and consumer preference shifts towards more eco-friendly and health-conscious options. Economic factors and climate change could also play significant roles in shaping the demand for demersal fish in South Africa.
