Key Market Indicators
Portugal's fish production is on track to reach approximately 21,600 metric tons by 2028, up from around 20,100 metric tons in 2023. This represents an average annual growth rate of 1.1%. Since 1970, the country's fish supply has surged by 7.5% annually. In 2023, Portugal ranked 60th worldwide in fish production, with Armenia surpassing it at the same production level. Leading the global ranking were Indonesia, India, and Bangladesh, occupying the second, third, and fourth spots, respectively. Meanwhile, fish consumption in Portugal is projected to hit roughly 90,600 thousand metric tons by 2028, an increase from about 85,200 thousand metric tons in 2023. This marks an average annual growth rate of 1%. Since 2019, Portuguese fish demand has risen by 1.4% each year.
