The fish farming production in South Africa stood at 10.86 thousand metric tons in 2023. Analyzing the data from 2013 to 2023, the fish farming production in South Africa has shown variability with an overall upward trend. The year-on-year variation saw significant fluctuations, with notable increases such as a 20.26% rise in 2016 and a 26.08% increase in 2018, contrasted by declines like the 21.69% drop in 2017. Over the last two years, production grew at a more moderate pace with year-on-year increases of 1.54% in 2022 and 1.62% in 2023. The last five years amass a CAGR of 6.33%.
Forecasting from 2024 to 2028, the focus points for stakeholders involve an anticipated steady increase, with a forecasted 1.17% CAGR leading to a 5.99% overall growth rate across the period. Future trends to watch for include:
- Technological advancements driving efficiency in fish farming.
- Policy impacts, including government support and regulations.
- Consumer demand shifts, potentially towards sustainable and organic fish products.
