In 2023, the fish meal supply in Australia stood at approximately 30.0 thousand metric tons. Forecasted data from 2024 to 2028 indicate a declining trend: 2024 and 2025 both at 29.0 thousand metric tons, 2026 and 2027 maintaining at 28.0 thousand metric tons, and a slight drop to 27.0 thousand metric tons by 2028. This represents a year-on-year decrease of approximately 3.33% from 2023 to 2024, and a steady 1.74% average annual decline over the five-year period from 2024 to 2028.
Future trends to watch for include potential impacts from environmental regulations, changes in fish populations due to climate change, and advancements in alternative protein sources which could impact the demand for fish meal. Additionally, market dynamics such as global trade policies and technological innovations in fish meal production could also play pivotal roles in shaping future supply trends.
