The demand for freshwater fish in China has shown fluctuating trends from 2014 to 2023. In 2014, the demand was at 24.46 million metric tons and increased steadily, reaching 27.43 million metric tons in 2023, marking a year-on-year increase of 0.58% and an average CAGR of 0.63%. Noteworthy variations include a significant rise in 2021 by 21.21% post a steep decline in 2020 by 16.48%. The steady growth up to 2023 suggests a stable market.
The forecasted data for 2024 and beyond indicates a continuous but modest growth in demand, with a projected value of 28.25 million metric tons by 2028. The five-year CAGR forecast is 0.47%, translating to a total growth rate of 2.35% over this period.
Future Trends to Watch For:
- Impact of government policies on aquaculture and fishery management.
- Technological advancements in fish farming and sustainable practices.
- Consumer shifts towards protein sources due to health trends.
- Effects of climate change and environmental factors on freshwater ecosystems.