The volume of the freshwater fish market in Seychelles has shown stability in recent years, maintaining a consistent value of 50.0 metric tons from 2017 to 2023, with minor variations. Notably, the market experienced a significant drop of 40% in 2015, followed by fluctuations, before stabilizing. The past two years have seen no variation year-on-year, affording the sector a stable outlook with a CAGR of 0.32% forecasted over the next five years.
For the future, the freshwater fish market is anticipated to grow marginally, with an expected CAGR of 0.32% from 2024 to 2028, driven by a consistent demand. Trends to watch include:
- Potential impacts of climate change on freshwater ecosystems and fish populations.
- Shifts in local consumption patterns and potential diversification of fish species farmed or harvested.
- Government policies and regulatory changes affecting the fisheries sector.
- Technological advancements in aquaculture practices that could enhance productivity.