Key Market Indicators
**Icelander Fish Production to Surge by 2028** Icelander Fish Production is projected to reach approximately 124,000 metric tons by 2028, up from around 73,000 metric tons in 2023. This marks an average annual growth rate of 8.3%. Since 1980, the country's fish supply has seen a significant increase of 30.6% year on year. In 2023, Iceland ranked 42nd in fish production, with Zambia just ahead at the same production level of about 73,000 metric tons. Leading the ranking were Indonesia, India, and Bangladesh in the second, third, and fourth positions, respectively. **Steady Rise in Fish Consumption** Icelander Fish Consumption is anticipated to hit 15,700 metric tons by 2028, up from 15,380 metric tons in 2023. This represents a compound annual growth rate (CAGR) of 0.4%. Since 2019, the country's fish demand has grown steadily, averaging a 0.5% increase each year.
