As of 2023, the fisheries production volume in Saudi Arabia stood at 216.08 Thousand Metric Tons, showing an upward trend from 2013, when it was 81.21 Thousand Metric Tons. Over the years, there have been significant year-on-year variations, peaking in 2016 with a 17.29% increase. The last two years observed an average year-on-year increase of approximately 8.98%, while the Compound Annual Growth Rate (CAGR) over the past five years was 11.95%.
Future forecasts indicate continued growth in fisheries production volume, with a projected CAGR of 5.09% over the next five years, culminating in a volume of 298.61 Thousand Metric Tons by 2028. This represents a forecasted growth rate of 28.2% during this period.
Future trends to watch for include:
- Technological advancements in aquaculture and fishing practices.
- Increased investments in sustainable fisheries.
- Potential policy changes impacting fisheries management.
- Impact of climate change on marine ecosystems.
- Shifts in consumer demand towards more sustainable and locally-sourced seafood.
