Key Market Indicators
**Chinese Fish Production to Surge by 2028** Chinese fish production is projected to climb significantly, reaching approximately 87.8 million metric tons by 2028. This marks an increase from the 77.2 million metric tons recorded in 2023, with an average annual growth rate of 2%. Historically, China's fish supply has grown at an annual rate of 3.1% since 1965. In the global ranking, Indonesia, India, and Bangladesh follow China, holding the second, third, and fourth positions, respectively. **Decline in Chinese Fish Consumption Forecasted** In contrast to its booming fish production, China’s fish consumption is on a downward trend. Projections indicate a drop to around 375,000 metric tons by 2028 from approximately 461,000 metric tons in 2023. This represents a compound annual decline rate of 3.3%. Since 2019, the demand for fish in China has been decreasing at a rate of 3.5% annually, highlighting a significant shift in consumption patterns.
