Key Market Indicators
Ethiopia's fish production is projected to see significant growth, reaching approximately 2,010 metric tons by 2028, up from around 1,100 metric tons in 2023. This marks an annual compound growth rate (CAGR) of 9.4%. Historically, the nation has seen a substantial rise in fish supply, with a year-on-year increase of 46.2% since 1993. On the consumption side, Ethiopian fish intake is expected to grow to about 2.38 thousand metric tons by 2028, from roughly 2.19 thousand metric tons in 2023. This represents a modest annual growth rate of 1.3% CAGR. Since 2019, the country's fish demand has increased by 2% annually. In the global ranking for fish consumption in 2023, Ethiopia was positioned at number 147. It was overtaken by Armenia, which consumed around 2.19 thousand metric tons. Leading the rankings were Japan, the Philippines, and Thailand, occupying the second, third, and fourth spots respectively.
