Key Market Indicators
Macedonian Fish Production is projected to reach 2,110 metric tons by 2028, up from 1,950 metric tons in 2023. This represents a compound annual growth rate (CAGR) of 1.2% year on year. Historical data show that since 1997, Macedonian fish supply has increased by an average of 7.5% annually. In 2023, Macedonia ranked 114th in global fish production, with Morocco surpassing it with the same production level of 1,950 metric tons. Leading the rankings are Indonesia, India, and Bangladesh, holding the second, third, and fourth positions respectively. On the consumption side, Macedonian fish consumption is expected to decrease to 4.73 thousand metric tons by 2028, down from 4.99 thousand metric tons in 2023. This decline reflects a CAGR of -0.8% year on year. Since 2019, the country's fish demand has been decreasing at an annual rate of 0.6%.
