The demand for freshwater fish in Turkey, expressed in Thousand Metric Tons, exhibited fluctuations from 2014 to 2023. While the highest observed demand was in 2015 at 109.05 TMT, there was a significant decline in 2016 by 11.75%. A downward trend persisted, particularly marked by an acute drop of 17.88% in 2020. Post 2020, there was a recovery with a notable 13.27% increase in 2021 followed by moderate gains in 2022 with 4.18%. However, the year-on-year variation for 2023 indicated a slight decline of 1.02%. The 5-year CAGR leading into 2023 averaged at -1.03%, showcasing a consistent decline over five years.
Forecast data from 2024 to 2028 suggests continual but moderate reductions in demand at an average annual rate (CAGR) of -0.87%, projecting a total decrease of 4.27% by 2028.
Future trends to watch for include:
- The impact of economic recovery and potential changes in consumer dietary preferences.
- The effects of government policies on aquaculture and environmental sustainability.
- Technological advancements and innovations in the fishing industry.
- Potential increases or decreases in import and export dynamics influenced by global trade conditions.
