The share of marine capture fisheries production volume in China saw a peak in 2015 and has been on a general decline since. Notably, the share dropped significantly in 2017 and continued to decrease steadily over subsequent years. As of 2023, it stood at 15.17 units of global production. The year-on-year variation in recent years has been minor, with the most recent two years showing slight declines of approximately 0.53% and 0.54%. The last 5-year CAGR indicated an almost stable value at 0.13%, suggesting a relative stabilization at low levels.
Future trends to watch for include:
- The projected continuation of the gradual decline in share, with a forecasted 5-year CAGR of -0.45%.
- Potential policy changes or innovations in marine capture technology that might alter the trend.
- Environmental factors and global economic conditions impacting marine resources and their management.
