Key Market Indicators
Cuban fish production is projected to see a modest increase, rising to approximately 22,750 metric tons by 2028, up from about 22,700 metric tons in 2023. This represents a virtually stagnant growth rate of 0% year-on-year. Historically, the nation's fish supply has experienced a notable decline, decreasing by an average of 4.5% annually since 1972. On the consumption side, Cuba is expected to see a slight decrease, with fish consumption forecasted to drop to roughly 16,060 metric tons by 2028, down from approximately 16,530 metric tons in 2023. This translates to a compound annual growth rate (CAGR) decline of 0.4%. Since 2019, however, Cuban fish demand has shown a marginal increase, growing by about 0.1% year-on-year. In the global context, Cuba was ranked 97th in fish consumption for 2023. Mauritius led slightly ahead with the same consumption figure of 16,530 metric tons. The top three countries in this ranking were Japan, the Philippines, and Thailand, respectively.
