The value-added of fishing and aquaculture in Mexico has shown an overall positive trend from 2013 to 2023. With some fluctuations, the sector experienced significant growth between 2013 and 2019, peaking in 2019. However, 2020 saw a notable decline of -13.6%, likely impacted by global disruptions. Recovery was strong in 2021 with an 18.87% increase, followed by steady growth culminating in a 3.44% rise in 2023, standing at 30.26 billion Mexican Pesos.
Over the last two years, the year-on-year variation demonstrated resilience, returning to positive growth post-2020 downturn. The 5-year CAGR indicates an average annual growth of 3.89% by 2023, suggesting moderate but sustained growth in recent years.
Forecast data from 2024 to 2028 predict continued growth at a forecasted 5-year CAGR of 2.53%, with an overall increase of 13.33% projected. This suggests sustained, though moderate growth for the fishing and aquaculture sector.
Future trends to watch for include advancements in sustainable aquaculture practices, the impact of climate change on fishing yields, and potential market disruptions due to global economic factors or policy changes.
