Pelagic fish production in Saudi Arabia has shown a mixture of stability and volatility over the years. From 2014 to 2019, production levels hovered around 22.86 thousand metric tons, with minor annual variations. A notable dip occurred in 2020, with production dropping by 16.93%, followed by a significant recovery in 2021 with a 14.51% increase. As of 2023, production values stabilized around 22.95 thousand metric tons.
Looking at the data, the compound annual growth rate (CAGR) over the last five years remains marginal at 0.079%, indicating a relatively flat growth trajectory. Future forecasts predict minor annual increases, with production expected to reach 22.96 thousand metric tons by 2028, reflecting a modest annual growth rate of 0.07% for the forecasted period.
Future trends to watch for:
- Effects of climate change on fish populations.
- Technological advancements in fishing and aquaculture.
- New governmental policies impacting fishery practices.
