In 2023, the freshwater fish market size in Mauritius reached 1.78 thousand metric tons, reflecting a 2.3% year-on-year growth. Reviewing the prior year, 2022 exhibited an 8.38% increase, highlighting a period of significant expansion. On analyzing the past five years, a compound annual growth rate (CAGR) of 2.94% was observed, indicating a steady rise in market volume.
Historically, the market saw substantial fluctuations with a remarkable 54.9% increase in 2016, followed by a brief dip in 2017. Despite minor setbacks in 2020 (-2.63% year-on-year), the market showed resilience with an upward trajectory, consolidating growth during 2021 and 2022.
Future trends to watch for include: - Continued moderate growth with a projected 1.95% CAGR from 2024 to 2028, reaching up to 2.01 thousand metric tons by 2028.- Market stability and gradual expansion which depicts a 10.15% overall growth over the next five years.- Potential impacts of sustainable fishing practices and regulatory changes on market dynamics.
