The pelagic fish production in Egypt has shown moderate growth over the past decade. By 2023, production stood at 52.65 thousand metric tons, reflecting a slight year-on-year increase of 1.09%. The five-year CAGR leading into 2023 was 1.12%, indicating consistent but modest expansion overall. Looking back, notable growth was observed between 2015 and 2017, with peaks in 2016 (9.25%) and 2017 (5.71%). Production witnessed a dip in 2020 (-3.85%) but recovered in subsequent years.
Future projections indicate continued albeit slow growth, with a forecasted CAGR of 0.89% from 2024 to 2028. By 2028, production is expected to reach 55.49 thousand metric tons, a cumulative rise of 4.51% from 2023.
Future trends to watch for include:
- Potential enhancements in fisheries management and sustainable practices.
- Technological advancements in aquaculture affecting production efficiency.
- Market dynamics influenced by international trade policies and climate change impacts on marine ecosystems.