Key Market Indicators
New Zealand's fish production is on track to reach approximately 127,000 metric tons by 2028, up from around 120,000 metric tons in 2023. This represents an average annual growth rate of 0.9%. Over the longer term, since 1965, the country's fish supply has seen a more robust average annual growth rate of 2.9%. In 2023, New Zealand ranked 37th globally in fish production, with Nepal slightly ahead at the same production level of around 120,000 metric tons. Leading the global rankings were Indonesia, India, and Bangladesh, occupying the second, third, and fourth positions, respectively. On the consumption front, New Zealand's fish consumption is expected to remain relatively stable, reaching about 26,000 metric tons by 2028, nearly unchanged from 2023 levels. The average annual growth rate in consumption is projected to be 0%. Since 2019, the country's fish demand has decreased marginally by 0.3% per year.
