The import of live fish to South Africa is forecasted to decrease from $1.6131 million in 2024 to $1.5551 million in 2028. This represents a consistent year-on-year decrease in import value, suggesting a downward trend over this period. Notably, the data for 2023 indicates that the import value stood at approximately $1.6285 million. The year-on-year variation reveals a steady decline: from 2024 to 2025 the decrease is 0.93%, from 2025 to 2026 it's 0.92%, from 2026 to 2027 it's 0.90%, and from 2027 to 2028 it's 0.90%. Over the last five years, the compounded annual growth rate (CAGR) indicates an average decrease of around 0.94% per year.
Future trends to watch for include potential changes in trade policies, environmental regulations affecting aquaculture, shifts in consumer preferences towards sustainably sourced fish, and the impact of technological advancements in live fish transportation. Additionally, economic factors such as exchange rates and inflation could further influence the import values.
