Key Market Indicators
**Mexican Seafood Export to Surge by 2028** Mexico's seafood export industry is projected to see significant growth, reaching nearly $1.4 billion by 2028, up from approximately $1.2 billion in 2023. This marks an average annual growth rate of 2.6%. Since the turn of the millennium, Mexican seafood supply has been on a steady rise, increasing by an average of 1.1% per year. In 2023, Mexico ranked 12th globally in seafood exports, with Germany surpassing it at the same $1.2 billion mark. Leading the global rankings were India, Canada, and Denmark, occupying the second, third, and fourth positions, respectively. **Mexican Seafood Import to Climb Steadily** On the import side, Mexico's seafood industry is also set for growth. Imports are expected to reach nearly $833 million by 2028, up from around $726 million in 2023, translating to an average annual growth rate of 2.2%. Since 2000, the demand for seafood in Mexico has grown by an average of 0.8% annually. In 2023, Mexico was the 11th largest importer, with Australia overtaking it at the same $726 million mark. France, Sweden, and Germany held the second, third, and fourth positions in global seafood import rankings, respectively.
