Key Market Indicators
**Spanish Fish Production and Consumption Projections for 2028** Spain's fish production is projected to increase modestly over the next five years, reaching approximately 348,000 metric tons by 2028. This marks a gradual annual growth rate of 0.9% from the 2023 figure of around 329,000 metric tons. Historically, Spanish fish supply has seen a decline, dropping by an average of 1.6% annually since 1965. In 2023, Spain ranked 20th globally in fish production, with Russia slightly ahead at the same production level. Leading the global rankings are Indonesia, India, and Bangladesh, occupying the second, third, and fourth spots, respectively. On the consumption side, Spain's fish consumption is expected to rise to about 624,000 metric tons by 2028, up from roughly 579,000 metric tons in 2023. This represents an annual compound growth rate of 1.2%. Since 2019, Spanish demand for fish has been growing steadily at an average rate of 1.6% per year.
