Key Market Indicators
**Lao Fish Production Set for Steady Growth** Lao Fish Production is projected to reach approximately 166,000 metric tons by 2028, up from around 144,000 metric tons in 2023. This marks an average annual growth rate of 2.3%. Historical data reveals a consistent 4% year-on-year increase in fish supply since 1968. In the global ranking for fish production in 2023, Laos secured the 33rd position. Saudi Arabia surpassed Laos, matching its production at roughly 144,000 metric tons. The top three positions were held by Indonesia, India, and Bangladesh, respectively. **Decline in Lao Fish Consumption Expected** Conversely, Lao Fish Consumption is anticipated to decrease to about 280 metric tons by 2028, down from 320 metric tons in 2023. This represents an average annual decline of 2.1%. Since 2019, the demand for fish in Laos has been reducing at an average rate of 1.8% per year.
