From 2014 to 2023, the demand for freshwater fish in Nigeria exhibited overall growth with fluctuations. The year 2023 saw a demand of 734.1 thousand metric tons, representing a year-on-year increase of 0.52%. Over the past five years, the compound annual growth rate (CAGR) was 0.48%. Notable changes included a decline in 2020 with a significant drop of 16.54%, followed by a recovery and steady increase through 2023.
Future trends indicate a modest growth rate, with a forecasted CAGR of 0.43% over the next five years, likely leading to a 2.18% growth by 2028. Monitoring economic conditions, population growth, and investment in aquaculture will be essential in understanding demand dynamics going forward.
