The pelagic fish export volume in South Africa displayed fluctuations from 2014 to 2023, with the largest decline in 2015 (-24.39%) and significant growth in 2016 (74.21%). By 2023, the volume stabilized at 332.52 thousand metric tons, showcasing a minor year-on-year increase of 0.64%. Over the past five years, the compound annual growth rate (CAGR) averaged at 0.92%, reflecting a steady yet modest upward trend.
Looking ahead, forecasted data indicates continuous but incremental growth in export volumes, expected to reach 342.59 thousand metric tons by 2028. The forecasted 5-year CAGR is estimated at 0.53%, signifying a gradual growth trajectory.
Future trends to monitor include potential impacts from environmental changes, policy shifts, and advancements in sustainable fishing practices. Market demand shifts and international trade agreements will also play crucial roles in shaping the pelagic fish export sector.
