Key Market Indicators
**Paraguayan Fish Production to Surge by 2028** Paraguayan fish production is on a steady rise, projected to reach approximately 20,200 metric tons by 2028. This marks an increase from the 16,100 metric tons recorded in 2023, growing at an annual compound rate of 3.6%. Historical data indicates a robust upward trend in production since 1992, with an average yearly growth of 6.9%. **Decline in Fish Consumption** Conversely, fish consumption in Paraguay is set to decline. Projections estimate consumption will drop to about 2,400 metric tons by 2028, down from 2,700 metric tons in 2023. This reflects an average annual decrease of 1.7%. Since 2019, the country has experienced a yearly decline in demand by 2%. **Paraguay's Global Ranking** In 2023, Paraguay ranked 143rd in global fish consumption. Luxembourg surpassed Paraguay with a consumption of 2,700 metric tons. Leading the global rankings, Japan, the Philippines, and Thailand secured the second, third, and fourth positions, respectively.
