The pelagic fish demand in Egypt experienced an overall decline between 2014 and 2023, from 633.95 thousand metric tons to 347.57 thousand metric tons in 2023. This represents a year-on-year decrease of 4.42% in 2023 and a compound annual growth rate (CAGR) of -4.08% over the past five years. Variations in earlier years show fluctuations, with significant drops such as the 20.41% decrease in 2016 and 12.96% in 2017, followed by a more gradual decline. Notably, there was a slight increase of 0.72% in 2022, though the overall trend remained negative.
Looking towards the future, forecasts suggest a continued decline in demand, with the expected volume dropping to 262.42 thousand metric tons by 2028, translating to a 5-year CAGR of -4.4% and a total reduction of 20.13%. Key future trends to watch for include shifts in consumer preferences, potential policy changes affecting the fishing industry, and the impact of global environmental factors on fish populations and supply chains.
