Key Market Indicators
Uruguay's fish production is projected to increase to nearly 128 metric tons by 2028, up from approximately 120 metric tons in 2023. This represents a compound annual growth rate (CAGR) of 1% year-on-year. Since 1992, the country's fish supply has shown a steady annual increase of 3.4%. Meanwhile, fish consumption in Uruguay is expected to reach around 15,200 metric tons by 2028, compared to roughly 13,700 metric tons in 2023. This marks a CAGR of 1.8% year-on-year. Since 2019, the demand for fish in Uruguay has risen by 2.5% annually. In 2023, Uruguay ranked 106th in global fish consumption, with Latvia surpassing it at the same level of 13,700 metric tons. Among the top consumers, Japan, the Philippines, and Thailand ranked second, third, and fourth respectively.
