The demand for freshwater fish in Kenya has significantly declined from 2014 to 2023. In 2023, the demand stood at 85.23 thousand metric tons, highlighting a downward trend. From 2014 to 2023, the market experienced fluctuations with notable declines, particularly in 2016 and 2017, followed by a continued downward trend without any significant recovery. Year-on-year variations indicate a consistent decline, peaking at -21.54% in 2017. Over the last two years, the demand decreased by 5.43%, and the average annual decline (CAGR) over the last five years was -4.79%.
Looking towards the future, the forecast suggests a continued reduction in freshwater fish demand in Kenya, with a projected 5-year CAGR of -5.66%, leading to a total decline of 25.26% by 2028. This ongoing decline will be essential to monitor.
Future trends to watch for:
- Impact of environmental changes and water quality on fish supply.
- Government policies and initiatives in aquaculture and fisheries.
- Changes in consumer preferences and consumption patterns.
- Technological advancements in fish farming and sustainable practices.