Key Market Indicators
Ni-Vanuatu fish production is projected to reach approximately 18 metric tons by 2028, rising from 17 metric tons in 2023. This growth represents a compound annual growth rate (CAGR) of 1.1%. Since 2009, the country's fish supply has increased at a steady rate of 1% per year. On the consumption front, Ni-Vanuatu fish consumption is expected to rise to around 6,440 metric tons by 2028, up from 6,090 metric tons in 2023. This marks a CAGR of 0.9%. Notably, since 2019, the demand for fish in Ni-Vanuatu has been growing at a rate of 1.4% annually. In 2023, Ni-Vanuatu ranked 124th in global fish consumption, with Mali slightly ahead at 6,090 metric tons. Japan, the Philippines, and Thailand held the second, third, and fourth positions, respectively, in this ranking.
