Key Market Indicators
Korean fish production is projected to reach nearly 2.85 million metric tons by 2028, up from approximately 2.55 million metric tons in 2023. This represents an annual growth rate of 1.8%. Historical data indicates that since 1965, the nation's fish supply has increased by an average of 2.3% each year. In terms of consumption, Korean fish intake is expected to rise to around 763,000 metric tons by 2028, compared to about 757,000 metric tons in 2023. This marks a modest annual growth rate of 0.2%. Since 2019, the demand for fish in Korea has seen a slight annual increase of 0.1%. As of 2023, Korea ranked sixth in global fish consumption, with the United States leading at approximately 757,000 metric tons. Japan, the Philippines, and Thailand followed in second, third, and fourth places, respectively.
