Key Market Indicators
Cypriot fish production is poised for steady growth, projected to reach roughly 9,700 metric tons by 2028, up from about 8,400 metric tons in 2023. This represents an average annual growth rate of 2.3%. Historical data since 1979 shows that Cyprus has seen an average annual increase of 2.8% in fish supply. In the global ranking for fish production in 2023, Cyprus held the 83rd position, just behind Belarus, which also produced around 8,400 metric tons. Leading the rankings were Indonesia, India, and Bangladesh, occupying the second, third, and fourth spots, respectively. On the consumption side, Cypriot fish consumption is expected to decline slightly over the coming years. By 2028, consumption is forecasted to drop to approximately 4,200 metric tons, down from 4,500 metric tons in 2023. This decline represents an average annual decrease of 0.8% since 2019, with demand having already fallen by 1.1% per year on average. These trends highlight the contrasting trajectories of fish production and consumption in Cyprus, reflecting broader shifts within the country's seafood sector.
